SB1291, the bill that would (as amended) ensure that Automated Valuation Models (AVMs) used by sites such as Zillow.com has passed the Arizona House and been transmitted to the Senate for consideration. After initially failing to pass the house by the required 2/3's majority on April 24, Representative Stump moved to reconsider on April 25 and the vote today was 52 – 3, with 5 not voting. Representatives Farnsworth, McClure and Pearce cast the dissenting votes. Rep Farnsworth is from my district in Gilbert and in keeping with my resolution to not discuss political agendas on this blog I will bite my tongue and refrain from commentary on his voting record.
As mentioned here and elsewhere, Representative Michelle Reagan successfully amended the bill from the house floor, and today's passage includes these amendments — paving the way for Zillow (and presumably other AVM's) to operate in Arizona.
The bill now moves back to the state Senate for their reconsideration. As of this writing, it is not on the Senate calendar, so we don't know when they will be voting.
Not surprisingly, Bloodhound sniffed this out first. I post this here for the 3 people on the planet that read this blog and not Bloodhound.
[tags]SB1291, Zillow[/tags]
I'm Jay Thompson, and I have a little blogging problem... Welcome to The Phoenix Real Estate Guy, or "TPREG" as I fondly refer to it.
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