GeekWire is reporting that a proposed class action lawsuit against Zillow and their Zestimate valuation tool was thrown out by an Illinois judge in late August. The proposed class action would have been on behalf of “all current owners of real estate property located in Illinois whose property(ies) are listed on Zillow’s website.” One of the plaintiffs included the homeowner who launched an individual suit against Zillow back in May, but subsequently dropped her suit in favor of joining the class action. The proposed class action lawsuit centered on the notion that Zillow was acting as an unlicensed appraiser through its Zestimate application.
In a statement provided to GeekWire on Wednesday, Zillow said it was pleased with the court’s decision. “The Zestimate has proven itself to be a sought-after and valuable free tool for consumers,” the statement read. “It’s the most accurate computerized home value estimate anywhere, and serves as an important data point for millions of homeowners, buyers and sellers every day.”
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