Real estate news & trends

Search posts

IDFPR

Working with these agents is like eating flies

Jerome Bressert

A tipster forwarded me the latest mugshot of Jerome Bressert, a rental services agent who was recently arrested in DuPage County on a domestic battery charge. Bressert had a previous DuPage arrest for “endangering the health or life of a child.” He is, of course, innocent of any criminal charges until proven otherwise. He is ...

Comment Read the full article →
Posted by Joe Zekas on August 9, 2013

Leasing agent works 16 months on 120-day permit

Craigslist recruiting screen cap

Rent Here Realty’s Chardonnee Cunningham has five glowing reviews at Yelp, the most recent from two weeks ago. The earliest of the remaining four, all of which were flagged as suspicious and filtered by Yelp, was on January 21 of last year. A filtered Yelp review of Cunningham at a different Rent Here office dates ...

2 comments Read the full article →
Posted by Joe Zekas on April 25, 2013

On Zillow, Trulia and hotpads, almost every rental service ad is illegal

Trulia screen cap

The headline makes a broad but defensible claim, and one that reflects grossly indefensible behavior on the part of Zillow, Trulia and hotpads. Chicago’s apartment rental services, also known as locators and finders, are independent of the properties they advertise. They often have no business relationship whatsoever with those properties, and run ads that are ...

Comment Read the full article →
Posted by Joe Zekas on December 26, 2012

Apartment Savvy doubles down on dumb law-breaking

Apartment Savvy Craigslist ad

The Illinois Real Estate License Act makes it illegal for real estate brokers to run blind ads, i.e. ads that don’t include the brokerage name, and rental ads for properties without written authorization to advertise them. Apartment Savvy is a licensed real estate broker in Illinois, and the main phone number listed on its website ...

Comment Read the full article →
Posted by Joe Zekas on December 19, 2012

State slaps $10K and $25K fines on Chicago rental agents

Blue City screen cap

The most recent summary of disciplinary actions (pdf) from the Illinois Department of Financial and Professional Regulation (IDFPR) includes the following: Eric Bolf, Chicago – real estate leasing agent license (473-010214) indefinitely suspended for a minimum of one year and fined $10,000 for advertising real estate property while his license was in an inoperative status. ...

8 comments Read the full article →
Posted by Joe Zekas on December 18, 2012

Rental service pirates invading the suburbs

Craig Newmark

A tipster alerted me to a development that’s worrisome to suburban landlords, and ought to concern tenants also. City-based rental services have begun exploiting consumers’ idiotic dependence on Craigslist for apartment searches by advertising suburban apartments with which they have no connection. When a prospective tenant responds to one of these ads, the piratical rental ...

Comment Read the full article →
Posted by Joe Zekas on November 19, 2012

Is it finally handcuffs time for Exchange Apartment Finders?

Handcuffs

As far back as November 2000 Exchange Apartment Finders was fined for practicing real estate without a license and ordered to obtain one. We’ve found no evidence that it ever did, but have found plenty of evidence that it has continued doing business to this day. We’ve previously written about Exchange Apartment Finders (EAF), which ...

1 comment Read the full article →
Posted by Joe Zekas on March 16, 2012