It is the estate agent that uploads the bids therefore it is up to them to "be concerned" with the authenticity of the bidder. An estate agent must take due diligence that the bidder is a valid person. It is against the professional code of conduct of both the IPAV and IAVI to accept irregular bids and I am surprised you do not know this! It will also be enforceable in law by the NPSRA that an estate agent has this legal responsibility firmly on his/her doorstep!
I do not know why you think this? It is the estate agents responsibility! A bidder submitting bids would be a joke - Consider the amounts involved here! If an estate agent is "genuinely conned" by a false bidder then the only party that would do this is someone "acting on behalf of the seller" This is against the professional code of conduct of both IPAV and IAVI and will be enforced in law by the NPSRA.
An independent recording will help estate agents that find their credibility questioned and defend them in the ensuing lawsuit that could follow. Lobby I think you have to accept the old days are gone! Tribuneral this, Tribuneral that! People no longer expect high ethics it is their given right!
Gerl, please tell me why this is an independent recording? And how could it be used as a defence?
You've completely missed the point. I'm merely pointing out that if an EA wishes to use false bids, then this website does not prevent it. Or if a vendor wishes to have his "mates" make false bids, then the EA will still (unknowingly) record it on this so called "independent" system. It can't prevent that.
And FYI, vendors are allowed to bid on their own property - even at a public auction!
Lobby,
Pardon the sarcastic wit here but:
Independent: Not subject to bias or influence; not obsequious; self-directing
So a system (website) that holds an Independent recording that is not editable by anyone is the same as an estate agent recording the bidding activity on the back of a box of cigarettes in pencil?
Hmmm. Cant you use an eraser to delete these details?
Why are you so against something that may actually help your industry?
Libby, To prevent a possible libel action against askaboutmoney, I will stop this discussion with you now. I have stated my positive opinion about such a general type of system and have not referred to the said company in any of my postings directly or in any defamatory way.
I urge you to be careful in your apparent disliking of such a system in what may be perceived to be directed at the said company.
Have to agree with Lobby on this, EA controls the bids, nothing to stop them adding false bids, however that said I think it would still be a step above where we are now.
Not sure why the new poster GerL is so passionate about this - any vested interest you want to declare?
Regardless of what happens when you do get to actually use the service, since there is no marketing being done there is no drive to get the EA's to sign up and hence no buy in.
I am in process of buying and EA had never heard of them and have no interest in signing up coz no one else is -
Paddy
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