Seanad debates
Wednesday, 28 May 2003
Auctioneering Profession: Motion.
Senator Bannon mentioned a code of ethics and I accept that both the auctioneering representative groups and a number of companies have adopted such codes. Senator Norris outlined the dangers of gazumping. He also referred to repeat conveyancing, an issue which I pursued recently at the national agreement talks and which should be pursued through the Competition Authority. Houses have been sold three times in ten years but, in a number of cases, the same conveyancing procedure was followed each time by the same firm of solicitors for the same financial institution at the same cost. That is all wrong and it is pumping up prices.
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