Hacker Connect January 16 in New York
An event for and by the real estate tech community

Proposed legislation in Arizona that would have formally legalized Zestimates -- the home-value estimates generated at Zillow.com -- failed in the state House of Representatives today. Senate Bill 1291 had already passed the state Senate, and a House amendment sought to exclude Zillow and other automated home-valuation sites from the need to have an appraisal license to offer value estimates in the state. Arizona state Rep. Michele Reagan, R-Scottsdale, proposed the amendment to the legislation that would have clarified what constitutes an appraisal and exempt Web sites like Zillow from securing an appraiser's license to offer home-value estimates in that state. A spokesman for state House Republicans said that the amendment may be added to another appraisal-related bill. State law already...