I applied in-person. The process took 1+ week. I interviewed at U.S. Equities Realty (Chicago, IL) in Aug 2010
Interview
The interview was very well planned out. They will ask you about why you would like to intern there, why you choose accounting and/or finance, and they also want to know what you would like to do later in life, post graduation. The people are very nice, but they will ask tough questions in order to get to know you.
Interview questions [1]
Question 1
They will ask you something along the lines of "Say you have a tenant in one space who is late on rent every month, and it today 3 months behind. You know the ins and outs of his/her business and it's not looking good, they may have to close shop, keeping all this in mind, how would you approach them?"