Industry News

Arizona House expected to greenlight appraiser licensing bill

Bill amendment would grant licensing exemption to sites like Zillow

Arizona legislation that offers licensing exemptions for property-valuation Web sites is expected to receive final approval today from the state House of Representatives -- the last stop before the governor's office. The bill would specifically exempt any "Internet Web site, automated valuation or other software program or other means of comparative market analysis" from appraiser licensing requirements in the state when they provide estimated real estate values, as long as there is disclosure "that the estimate is not an appraisal," the bill text states. Barrett Marson, a spokesman for Arizona House Republicans, said the House is expected to pass Senate Bill 1291 in a final reading scheduled today. The bill was approved in a final reading by the state Senate in a 28-0 vote Monday, with two members not voting. The legislation contains other provisions that relate to appraiser licensing requirements and the Arizona Board of Appraisal. The bill is timely given clashes between the apprais...