Real Estate Industry Fights Back Against Zillow

It's funny how established industries fight back with lawyers and the government against new upstarts. First it was the music industry and now it's real estate...

A good example is the complaint that was lodged against Zillow to the FTC alleging that the estimates on Zillow aren't accurate enough and in fact are misleading. I wish that instead of trying to get the FTC to beat on Zillow that realtors would go ahead and help make Zillow better.

The reality is that there is a huge demand for easy to access accurate information about real estate.

Getting the government to intervene and stop them from trying to accomplish this is a mistake. Having the government actually step in and further entrench the monopoly of the realtors would be an even bigger one.

Zillow's response to the controversy is here.

Comments

[Ron Asteak]

Zillow "Guess-Idiots" appear to rely on public tax records that in some cases haven't been updated in twenty-five years. The zestimator is a sketchy tool to rely on. I believe it's best to use a Professional Realtor when appraising property.