Seanad debates

Wednesday, 28 May 2003

Auctioneering Profession: Motion.

 

Another requirement mentioned in the motion is that all auctioneers should maintain for inspection, by an approved authority, a record of all bids and bidders. The inspection by an approved authority is only included because most people are not convinced that auctioneers have an honest and verifiable record. Perhaps they are wrong, but we need to develop some way of ensuring, independently, that the process of bidding is fair and that it is not loaded against the consumer in favour of the vendor. That is what this matter is about. It is not about interfering in the sale, it is about ensuring that the sale of property operates according to the conditions that make for a functioning market economy. One of the conditions to which I refer is information.

Comments

No comments

Log in or join to post a public comment.