You don’t need to be a bloodhound to sniff out the Zillow solution in Arizona— you simply need to know the difference between a mutt and a poodle. Let’s start with the actual Cease and Desist letter sent to Zillow by the Arizona Board of Appraisal:
(The first letter was exactly the same.)
The key is understanding the difference between an “opinion of value” and an appraisal. While the Arizona Board of Appraisers understands that an appraisal is an opinion of value, that does not legally mean every opinion of value is also an appraisal. Remember the test question from high school (didn’t you hate these?): All poodles (appraisals) are dogs (opinions of value). Some dogs are mutts. A zestimate is a mutt. Which statement is true?
a) A zestimate is a poodle (those pups on the Board always bite on the first choice)
b) A zestimate is a dog
c) Zillow is a bloodhound’s best friend.
Is it the heat or the low humidity causing the Arizona Board of Appraisers to bark up the wrong tree.
Hey Boarders, don’t foam at the mouth just because Zillow has “home appraisal” in its meta tag keywords or because Zillow is ranked number 1 in Google for “home appraisal”, ahead of the Appraisal Institute.
The zestimate continues to bite Zillow in the ass. But Zillow can’t let the zestimate go—you know what they say about dogs and their bones.
Related Posts:
Zillow’s Real Prey: It’s Not Brokers
The Future of Residential Appraisers.
Technorati Tags: Zillow, Arizona Appraiser Board, zestimate, sellsius, meta tags, home appraisal
Just because the Zillow.com Zestimates are “Znowhere close” on a lot of properties doesn’t mean the values are appraisals. Zillow should be allowed to carry on - it is merely a consumer-facing AVM that needs to work on its valuation engine, like now.
Gosh now as a “mutt lover” you really have me confused about Zillow. This is all getting a bit partisan with the use of poodles, bloodhounds and the slurs against mutts…
We too are “mutt lovers” Maureen but to participate in a dog show (appraise a home) you need a pedigree
Hey, what a great idea—a dog show for the mutts. It would probably outdraw Westminster. I have a snoodle.
http://www.lmsstores.com/users/10813/pictures/gidge1.JPG
OK… I asked this on Active Rain on Roberta Murphy’s recent post about Arizona sending Zillow cease and desist papers…. If Zillow hires an appraiser in AZ are they OK? Does that pose too much liability to the appraiser? Would the Zestimates become appraisals and not AVM’s if Zillow got an appraisers license in the state? Would their Zestimates have to get closer if they were an appraiser in the state?
You wrote:
“Hey Board, don’t foam at the mouth just because Zillow has “home appraisal” in its meta tag keywords or because Zillow is ranked number 1 in Google for “home appraisal”, ahead of the Appraisal Institute.”
Do meta tags count? Isn’t that just good SEO?
More importantly what is a snoodkle?
As Joe noted on my blog, it must be the heat that’s frying the brains of the AZBoA.
The bill that made it through the AZ Senate failed in the House today. So the AZBoAs ludicrous claims that Zillows AVM, and ONLY Z’s AVM is illegal still stands.
Our Attorney General appears to be the next government official about to stick his head where it doesn’t belong/
Bigger Pockets blog said the law was amended to exclude zillow.
http://tinyurl.com/2rcjfy
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