R6 — Every published number gets a label (what it is) and a vintage (how fresh); the Zestimate defence depends on it

Rule

Rule: Every customer-visible data-derived figure — a "homes near transit," an "estimated savings," a "rate," an "availability count" — gets two visible accompaniments: (a) a label stating what the number is (an estimate, a model output, an in-stock count as of when); (b) a vintage (the date / cadence at which it was last computed).

Why: Zillow Zestimate published error rates — ~1.9% on-market, ~7.5% off-market; lawsuits; 7th Circuit 2019 sided with Zillow partly because "estimate" was clearly labelled — the legal defence that survived to the 7th Circuit was that the Zestimate was always labelled an estimate, not an appraisal. The same principle applies to every published figure ([[accuracy-risk-published-data]]). The same rule also governs customer-facing calculators (R3 — Label every published estimate as an estimate, and show its vintage prominently).

How to apply: