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How churned-and-burned leasing agents can cut their losses

IRS logo

Last year 100s of people signed on with one of Chicago’s rental services to begin what they were led to believe might be a lucrative career in real estate. A few of them earned a decent buck during the prime rental season, but most didn’t, and the great majority of them left the business within ...

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Posted by Joe Zekas on February 6, 2014

Suckers wanted for lucrative career leasing apartments

Chicago aerial

It’s that time of year, kiddies. Chicago’s apartment rental services a/k/a finders a/k/a locators are once again beginning to blitz Craigslist with ads touting the opportunity to begin an exciting, lucrative career leasing luxury apartments. You don’t need a real estate license or any prior experience to apply for these positions, and you don’t need ...

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Posted by Joe Zekas on January 8, 2014

Leasing agents wanted, naïve suckers preferred

Craigslist ad

When a real estate company breaks the law in its help-wanted advertising, there’s likely to be nothing but trouble and sorrow ahead for anyone who responds to the ad. The Craigslist ad pictured above purports to be placed on behalf of a “Top residential brokerage & leasing group — both locally & nationally with Top ...

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Posted by Joe Zekas on July 8, 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 ...

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Posted by Joe Zekas on April 25, 2013

Leasing agents wanted – no experience or license required

American Realty Pros recruiting ad

Head over to the real estate jobs section of Craigslist and you’ll see repeated variations on that headline. Read the ads, and learn the minimal qualifications that are required before you can be employed as a leasing agent: a high school diploma or GED, a smart phone, perhaps a working car, no felony convictions. Now ...

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Posted by Joe Zekas on February 26, 2013

Stay far, far away from New Market Realty

Craigslist recruiting screen cap

The Craigslist recruiting ad pictured above prompted me to take a closer look at New Market Realty’s website. Who, after all, wouldn’t want to see “the most comprehensive website … in the industry” and learn about “the most aggressive marketing program in the industry?” What I found when I went to the blog on New ...

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Posted by Joe Zekas on February 22, 2013

Job seekers need to shun no-name rental services

Craigslist screen cap

The Illinois Real Estate License Act (“License Act”) requires brokers to include their name in ads, including ads recruiting new agents or brokers. Scan Craigslist help wanted ads for real estate and you’ll see a number of ads soliciting job-seekers who want to become apartment leasing agents. Ads that give no clue as to the ...

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Posted by Joe Zekas on February 13, 2013

Does tax time for leasing agents mean pain for Chicago rental services?

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Almost all of Chicago’s rental services are revolving-door operations that attract naïve newcomers with the promise of entry into a lucrative career. A high percentage of those rookies wash out after a few months of determined effort, having paid their expenses out-of-pocket and grossed a few thousand – or a few hundred – dollars in ...

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Posted by Joe Zekas on February 7, 2013

It’s the wrong the time of year to become a leasing agent

Joeff Davis image

It’s that time of the year. You’re seeing the ads on Craigslist. Chicago rental services are starting to staff up for the upcoming rental season, which begins in mid-March and ramps up in April and May. The recruiting ads for Chicago rental services typically promise easy entry into a fun, exciting career with unlimited earning ...

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Posted by Joe Zekas on January 16, 2013