| The Appraisal Institute (AI) is urging the |
| public to be cautious when using the newly |
| launched Zillow.com web site, saying the |
| database only offers ballpark figures on |
| home values and that actual appraisals are |
| only available from appraisers. |
| AI President Richard D. Powers said |
| samples of Zillow's automated house values |
| were as much as 40% off the mark. Zillow |
| maintains its average is plus or minus 7.2% |
| the AI also notes that Zillow does not take |
| into account changes in zoning, easements, |
| or other property encroachments. |
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