Zillow Exemption Passes in Arizona
A bill exempting online home value websites from state licensing law has passed both state houses in Arizona. After initially falling short of the two-thirds majority, the bill passed the House of Representatives last week and will now move on to a conference committee before going to the governor to sign. As reported earlier, The Arizona Board of Appraisal has issued two cease-and-desist letters to Zillow in the past year asking the firm to cease its automated valuations, called “Zestimates,” for properties in Arizona. The board has charged that Zillow is violating state licensing laws by offering the zestimates without an appraiser's license.
