Arizona House of Representatives Gets Zillow Off the Hook

by Joshua Dorkin on April 24, 2007

  

We were notified by David G. at Zillow of the following:

Update: We are very pleased that the Arizona House of Representatives has amended SB1291, a proposed law to regulate appraisals, to exclude Web sites like Zillow.

Many of you have already read our post Zillow Banned in Arizona by Regulators. Is the Novelty Wearing Off?. Im just curious if there are any reactions to this announcement?

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{ 6 comments… read them below or add one }

1 Shaun McLane April 24, 2007 at 6:29 pm

I’m pretty happy to hear this decision. It’ll be interesting to see if any other states tackle this battle.

Reply

2 jf.sellsius April 24, 2007 at 9:14 pm

The law was overbroad in the legal sense (inartfully drafted) and was therefore unenforceable anyway. Amendment helped tighten the statute but it is still overbroad. If 2 guys in a bar give opinions of value—they can’t be sued as unlicensed appraisers.

Reply

3 David G from Zillow.com April 24, 2007 at 10:20 pm

Hi Joshua,

This story’s taken a new turn; the amendment failed to pass today (which seems unrelated to the AVM issue). Greg has an update at Bloodhoundblog; http://www.bloodhoundrealty.com/BloodhoundBlog/?p=1344

I’ll let you know when there’s more news.

Reply

4 Joshua Dorkin April 25, 2007 at 8:07 am

Interesting development David. Thanks for the update.

Reply

5 James Klobasa April 25, 2007 at 3:12 pm

Zilliow’s a great source…maybe they alraedy have enough great sources down there… :)

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6 jf.sellsius April 28, 2007 at 10:40 am

James, as an investor you ought to look at Property Shark
propertyshark.com

Reply

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