SB1291 Fails to Pass

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by on April 24, 2007

The bill we've been discussing here the last few days failed to get the required 2/3's majority in the Arizona House today.

Voting results:

THIRD READ: DATE AYES NAYS NV EXC EMER AMEND RFE 2/3 VOTE RESULT
Vote Detail 04/24/07 32 22 6 0   Y Y   FAILED

Greg has a nice summary, including a statement from Zillow.

Hopefully someone will attach yesterday's amendments, which clarifed that AVMs such as Zillow's "Zestimate" are not true appraisals, to another bill and that will pass — putting this sordid mess to bed once and for all.

It will be interesting to see what Arizona Attorney General Terry Goddard does next… Stay tuned, it isn't over yet.

More from Inman (it will slip over to the pay side soon)

[tags]Zillow, AVM, SB1291[/tags] 

 

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Filed Under: Arizona, Phoenix Real Estate, Real Estate Tech Stuff

About the Author
Jay Thompson

I'm a real estate broker in Phoenix, Arizona and the publisher of the Phoenix Real Estate Guy blog. I tend to drive too fast and scream at the University of Texas and Denver Broncos football teams. My two kids are smarter than most adults I know and my wife is simply amazing.

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Jay - The Phoenix Re

Marc - impact remains to be seen. There may be (or may have already been) another vote on the bill.

The AZBoA has bitten off more than it can chew with this stunt. To single out Zillow -- and not have a flipping care about every other AVM out there -- is mind-numbingly stupid.

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Keith Jeppson

We're all watching with great interest Jay. Thanks for keepng us updated.

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Marc

Sorry about the misspelling, I meant to write 'Zestimate'.

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Marc

How big of an impact do you think this will have? I have never heard of a 'zestamite' before. Very interesting.

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Jay - The Phoenix Re

Marc - impact remains to be seen. There may be (or may have already been) another vote on the bill.

The AZBoA has bitten off more than it can chew with this stunt. To single out Zillow -- and not have a flipping care about every other AVM out there -- is mind-numbingly stupid.

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  • off topic
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Keith Jeppson

We're all watching with great interest Jay. Thanks for keepng us updated.

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Marc

Sorry about the misspelling, I meant to write 'Zestimate'.

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Marc

How big of an impact do you think this will have? I have never heard of a 'zestamite' before. Very interesting.

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