Marc MacSharry (Sligo-Leitrim, Fianna Fail)
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I turn to the converse of that, which is where I gained the experience to which Mr. McDonagh referred. This was declared in the previous term of the Committee of Public Accounts, that I had worked as an auctioneer and, on one occasion, had been handling a receivership file for individual private homes. If someone was selling a three-bedroom semi-detached property at that stage, by NAMA's insistence there would have to be an up-to-date valuation. It might have been less than €100,000 at the time for certain properties, particularly in rural Ireland, yet when the properties were in the tens of millions of euro, the desktop appraisal was acceptable. Does Mr. McDonagh accept that there was a very thorough and robust micromanagement of individual property sales of relatively low value, but that when it came to the big stuff, we were not applying the same level of oversight.