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This is from the article: "...the fact that they offer market-value estimates and 'are promoted as a tool for potential buyers to use in assessing [the] market

This is from the article: "...the fact that they offer market-value estimates and 'are promoted as a tool for potential buyers to use in assessing [the] market value of a given property,' shows that they meet the definition of an appraisal under state law. Not only should Zillow be licensed to perform appraisals before offering such estimates" It can be surprising when seemingly innocuous activities are in fact heavily regulated (cf. Stanford needing to remove all their learning videos from their website).

ChairmanPao 9y ago
Berkeley. But never let the Truth stand in the way of a good story, especially on hacker news.
wuliwong 9y ago
I don't believe the article is correct in the definition of appraisals. A valuation or an approximation of value by impartial, properly qualified persons; the process of determining the value of an asset or liability, which entails expert opinion rather than express commercial transactions. http://legal-dictionary.thefreedictionary.com/appraisal http://legal-dictionary.thefreedictionary.com/appraisal
- djrogers 9y ago
  The article doesn't have to be correct about the definition, it's about how Illinois regulations define it.
cwkoss 9y ago
Why did stanford have to take the videos down?
- wuliwong 9y ago
  It doesn't look like the did. At least not the ML course https://see.stanford.edu/Course/CS229/47 https://see.stanford.edu/Course/CS229/47 Still has that blistering audio though, wish somebody would regulate that to a lower volume. :)
  - WillPostForFood 9y ago
    OP may have confused Stanford with Berkeley, which was forced to remove thousands of videos because they weren't captioned for the hearing impaired. https://news.ycombinator.com/item?id=13815764 https://news.ycombinator.com/item?id=13815764
- e15ctr0n 9y ago
  It wasn't Stanford, it was Berkeley. UC Berkeley makes course video content unavailable to public https://news.ycombinator.com/item?id=13768856 https://news.ycombinator.com/item?id=13768856 Berkeley Removes 20,000 Free Online Videos to Comply with DOJ Ruling https://news.ycombinator.com/item?id=13815764 https://news.ycombinator.com/item?id=13815764

ChairmanPao 9y ago

Berkeley. But never let the Truth stand in the way of a good story, especially on hacker news.

wuliwong 9y ago

I don't believe the article is correct in the definition of appraisals. A valuation or an approximation of value by impartial, properly qualified persons; the process of determining the value of an asset or liability, which entails expert opinion rather than express commercial transactions. http://legal-dictionary.thefreedictionary.com/appraisal http://legal-dictionary.thefreedictionary.com/appraisal

djrogers 9y ago
The article doesn't have to be correct about the definition, it's about how Illinois regulations define it.

cwkoss 9y ago

Why did stanford have to take the videos down?

wuliwong 9y ago
It doesn't look like the did. At least not the ML course https://see.stanford.edu/Course/CS229/47 https://see.stanford.edu/Course/CS229/47 Still has that blistering audio though, wish somebody would regulate that to a lower volume. :)
- WillPostForFood 9y ago
  OP may have confused Stanford with Berkeley, which was forced to remove thousands of videos because they weren't captioned for the hearing impaired. https://news.ycombinator.com/item?id=13815764 https://news.ycombinator.com/item?id=13815764
e15ctr0n 9y ago
It wasn't Stanford, it was Berkeley. UC Berkeley makes course video content unavailable to public https://news.ycombinator.com/item?id=13768856 https://news.ycombinator.com/item?id=13768856 Berkeley Removes 20,000 Free Online Videos to Comply with DOJ Ruling https://news.ycombinator.com/item?id=13815764 https://news.ycombinator.com/item?id=13815764