LIKE much media coverage regarding the auctioneering profession, your lead story (Irish Examiner, June 10) was inaccurate in that it referred to regulations being published to protect house-hunters from “tricks of the trade, including gazumping — where auctioneers pull out of a deal after receiving a higher bid”.

A property survey from the Irish Auctioneers & Valuers Institute (IAVI) shows that price increases in many sectors of the housing market were higher than expected in 2005.