The Solicitors Regulation Authority called high street companies to be proactive and seize the opportunities by alternative business structures.
Managing Director of the regulatory authority for, risks and standards, Samantha Barrass, said that the SRA hopes to start the registration of ABS in December.
Barrass, said at a meeting of the club ownership, that ABS opportunities for high-street firms.
She said that it will not only the big companies that enter the ABS market and advise to secure smaller companies proactively about their future.
She said: "there is a great opportunity for high-street firms and local real estate agent, so that I would be surprised, if they try not to use these reforms, to focus their business and to expand their service offerings."
The SRA modified schedule for the registration of ABS, barras said: "We share the frustration of potential ABS applicants about the delay in the implementation of, and work with the legal services Board and Department of Justice to early clarity about the parliamentary timetable."
Chairman of the transfer of ownership Association Eddie Goldsmith said: "We know that the current market conditions have created to improve a"perfect storm"and a valuable opportunity for serious Conveyancers proactively to innovations and their services."
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