FTC complaint filed against Zillow

Iria · Oct 27, 2006, 09:45 PM

Source: Ars Technica
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Zillow, the online sevice that provides an estimate of US home values, has touched a raw nerve at the National Community Reinvestment Coalition. The non-profit has filed a complaint with the FTC over Zillow's estimates, alleging that the company is "intentionally misleading customers and real estate professionals to rely upon the accuracy of its valuation services."

Vikingod · Oct 27, 2006, 09:56 PM

Its a good thing, believe me. Now is the time to protect the housing market. My only question... what professional in his right mind would use this specific service. There are many valuation services with proven track records, that are generally accepted within the financial industry, and this ain't one of them. Generally, I think they are all BS, but some more than others.

Oct 27, 2006, 09:45 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	FTC complaint filed against Zillow Source: Ars Technica _________ Zillow, the online sevice that provides an estimate of US home values, has touched a raw nerve at the National Community Reinvestment Coalition. The non-profit has filed a complaint with the FTC over Zillow's estimates, alleging that the company is "intentionally misleading customers and real estate professionals to rely upon the accuracy of its valuation services."

Oct 27, 2006, 09:56 PM	#2
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Its a good thing, believe me. Now is the time to protect the housing market. My only question... what professional in his right mind would use this specific service. There are many valuation services with proven track records, that are generally accepted within the financial industry, and this ain't one of them. Generally, I think they are all BS, but some more than others.