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)
Technorati Tags: Zillow, AVM, SB1291
Email This Post
Print This Post
Thanks for reading! We value your thoughts and opinions, so please feel free to leave a comment. Please contact us if you have any questions or need help. You can also get automatic updates for this blog free via: Potentially Related Posts on Phoenix Real Estate Guy:
{ 1 trackback }
{ 4 comments }
How big of an impact do you think this will have? I have never heard of a ‘zestamite’ before. Very interesting.
Sorry about the misspelling, I meant to write ‘Zestimate’.
We’re all watching with great interest Jay. Thanks for keepng us updated.
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.
Comments on this entry are closed.