No
credit services organization, its salespersons, agents or representatives, or any independent
contractor who sells or attempts to sell the services of a
credit services organization shall: (1) Charge or receive any money or other valuable consideration prior to full and complete performance of the services the
credit services organization has agreed to perform for or on behalf of the buyer, unless the
credit services organization has, in conformity
with Section 10 of this Act, obtained a surety bond
issued by a surety company licensed to do business in this State.
There is the cost of advertising a vacant property, cost of supervising repairs and maintenance and to show the property to prospective applicants, cost to run
credit checks and background checks, cost to have annual legal reviews to ensure leases are compliant
with state law, costs to
issue 1099s to
contractors, etc..