Billy Timmins (Wicklow, Fine Gael)
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Question 40: To ask the Minister for the Environment, Heritage and Local Government if he will outlaw the practice of gazumping; and if he will make a statement on the matter. [16592/06]

Noel Ahern (Dublin North West, Fianna Fail)
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I refer to the reply by the Minister for Justice, Equality and Law Reform to Question No. 1128 of 25 January 2006.

Any legislative action to address the issue of gazumping would involve changes to the Law of Contract. The report of the Auctioneering and Estate Agency Review Group to the Minister for Justice, Equality and Law Reform in July 2005 recommended, in order to protect buyers, that the new National Property Service Regulatory Authority address the need to promote consumer understanding of this issue as a priority. The Minister for Justice, Equality and Law Reform is taking steps, with the approval of the Government, to establish the new regulatory authority.