Appraisal bill bounces back

Arizona's Senate Bill 1291, which includes an amendment clearly exempting Zillow and other home-valuation Web sites from appraiser licensing requirements, has been revived, according to a state Web site.

Though the legislation, which would require a two-thirds majority to pass, failed in a 33-22 vote Tuesday (see Inman News), state Rep. Bob Stump passed a motion today for the House of Representatives to reconsider the legislation Monday.

The state appraisal board in Arizona has issued cease-and-desist letters to Zillow charging that the company is offering appraisals without a license in the state. But the company has continued to offer home-value estimates in the state, contending that automated valuation companies are excluded from appraiser licensing requirements and its Web site states that the company does not offer appraisals.

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