Seanad debates
Wednesday, 28 May 2003
Auctioneering Profession: Motion.
The motion refers to a requirement that, prior to undertaking any auctioneering transaction, auctioneers be required to make a declaration of interest. I look forward to the Minister telling me whether the current position is that they do not do so. I could, for example, become involved in dealing with an auctioneer whose family has an interest in the property he or she is trying to sell me and he or she is not obliged to declare that. In such instances, we are moving away from true competition and a fair market. The only purpose markets serve – I say this as a long-standing member of the left – is to make the position of buyers and sellers operate in reasonable equilibrium and distortions such as that to which I refer serve no purpose. We might as well get rid of it entirely.
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