Mr. Patrick Davitt:

Well, we are not an institute as regards valuation, we're an institute in regards of auctioneers and valuers so like we obviously have auctioneer members who are selling properties every day of the week, as well as the valuation on the other side of our business. So since I came to IPAV in 2013, I've tried to divide up the institute to have valuers and valuers with proficient qualifications on one side and auctioneers on the other side. Now, at the auctioneering end of our business as well there was no regulation ... well there's an auctioneer's license there but until such time as 2012 when the property regulation came into being ... like the regulation there was scarce enough as well because you could go to court and get a licence. But ... so why would we ... we do this? I presume at the time ... the CEO at the time felt that it was a good thing to do and he felt that that was needed ... and that's ... that's why they looked for it.