Industry News

Zillow clear to operate in Arizona

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Zillow and other Web services and automated valuation providers can continue doing business in Arizona without having to obtain an appraiser's license. A three-month-long battle ended Monday when Arizona Gov. Janet Napolitano signed legislation that provides that any "Internet Web site, automated valuation or other software program or other means of comparative market analysis" does not need to be licensed as an appraiser in the state in order to provide property-value estimates. Senate Bill 1291 also exempts from licensing requirements a "natural person, a corporation through its officers or a partnership through its partners that gives an opinion of value of that person's or its own property and does not receive special compensation for the transaction if this opinion is not referred to as an appraisal." And licensed real estate brokers or salespersons who offer price opinions on properties do not require licensing as appraisers "if this opinion is not referred to as an appraisal," t...