Chicago rental services are living in cloud-cuckoo-land

by Joe Zekas on 1/18/13

The Illinois Real Estate License Act makes it illegal for a licensed rental service to advertise property for rent without written authorization from the property owner or its authorized agent. Chicago rental services place 10s of 1,000s of illegal ads on Craigslist every week. Until recently, they were able to do that with impunity, despite the fact that the License Act provides for fines of up to $25,000 and license suspensions or revocations.

One month ago YoChicago launched the Craigslist Apartment Cleanup, with a goal of eliminating all illegal rental service advertising. We’ve gained the support of major landlords, and have been monitoring and documenting illegal rental service advertising on Craigslist, Zillow, Trulia, hotpads, company websites and more.

We’ve emailed several dozen rental agencies specific notices that their advertising was in violation of the License Act. Everyone we’ve emailed has continued to advertise illegally, and we’ve continued to document the violations. In due time our documentation will be the basis of disciplinary complaints filed against a number of large Chicago rental services.

If Chicago rental services think they can continue business as usual and remain in business – and they apparently do – they’re living in cloud-cuckoo-land.

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{ 1 comment… read it below or add one }

Ted K January 18, 2013 at 9:50 AM

Why is it that month after month when the disciplinary report comes out it is never any of the larger name rental brokerages in Chicago? It is always someone I have never heard of. I have worked in and owned rental properties in Chicago for 30 years and I have yet to read that IDFPR fined anyone I have ever heard of. Good luck with this Joe – certainly the evidence is plentiful.

Any time one of these guys brings me a tenant it is always the same story. Lies, lies, lies. Desperation. My numerous frank conversations with these agents advising them to learn the business falls on deaf ears. Its like a delusional cult they are living in. Where are the parents to explain “career path”?

All for entrepreneurship – just be the best at what you do.

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