I’ve posted about Mike Ferry before. I have seldom had nice things to say about him. This time will be no exception. It isn’t that I think he charges too much for what he delivers – because I don’t. I believe any service provider should be free to charge whatever he wants to charge and that his potential customers should be free to agree or not agree to pay that amount for the service.
My beef is only with the nature of the agreement he gets people to sign. That and his actions if they don’t want to continue with his services. Just those two things: What he gets people to sign and how they are treated if they don’t want to continue: Mike turns them over to a collection agency and threatens them with a lawsuit. Once you sign up and give the Mike Ferry Organization your credit card you have to pay for "the duration of the contract". Period. I don’t know of any other real estate business coach who has a similar practice.
To be fair, Mike has people who adore him. Here are a few: Sylvia Morris, Liz Carter, and a guy I personally know of and respect, Genuine Chris. So I am not saying that what he teaches does not work, as it obviously does. I am saying I don’t like him or his methods. I am not alone. It would be totally alright if I was but that isn’t the case. Someone (I don’t know who) has even registered mikeferrysucks.com. A quick search also finds items like this.
Here is a letter I received a few days ago. It is a (redacted) copy of a letter to Mike Ferry.
….Your letter [collections] is not only threatening, it crosses the boundary of fair business practices that has had a negative impact on my company, as well as its agents. Notwithstanding that … I respectfully request that you terminate whatever “Contract” you say you have … as well as any further payments you are demanding, and “including filing suit.”
It is my sincere hope that you will agree to the above immediately; and avoid the imminent adversarial actions that would follow should you pursue this further, including, but not limited to, counter suit, filings with business/professional organizations and State Agencies. You represent yourself to many realtors as a consultant and “coach” to advance their sales abilities; however, you also appear to be a very formidable “Collections” business, based on your referenced letter. I would question if the realtors to whom you sell your services were aware of your “Collections” business, which must be a major profit center to you right now in this difficult time in the real estate industry [They] do not understand all the consequences of your services not only failing to improve income; moreover, actually reducing it.
And then this one today:
Dear Mr. Ferry:
This is in follow up to letter to you…. The following are questions to which we need answers based on information found by cursory research on your organization.
We could not find any business registrations in the State of CA [corporations, Agent for Service, DBAs, Business License, etc.] Please provide us with your Agent for Service in the State of CA.
I … reviewed your “Contract”… It states: “This contract is deemed entered into on the date when it is approved and signed by MFO and it is deemed to be entered into in Las Vegas, NV.” It is understandable why your “Contract” calls for that jurisdiction, if in fact you have no legal presence in the State of CA, disallowing you from any legal enforcement rights here. First, the cited “contract” is unsigned by MFO, there is no “Approval Date,” nor “MFO Initials.” It is therefore not valid. Second, agent may have been injudicious in signing such a contract, particularly with Las Vegas as its place of venue; however, you in fact entered into this contract in Orange County, CA, from your offices located here, and offered your services in this location – Not Las Vegas, NV. Accordingly, your “Contract” has no legal jurisdiction in NV or CA. Moreover, MFO operated from Irvine, CA, without any legal business permit, according to public records. Should you choose not to drop your threats and claims … we will file an action in Orange County, CA, to not only nullify your “Contract” but to seek restitution.
Other public records found include 20 civil actions – in Orange County alone – in which you were Plaintiff 11 Times [Primarily “Breach of Contract” – those would likely be your “Collections” actions against unsuspecting realtors] and Defendant: 9 Times [Libel, Employment Related actions, Collections, Sexual Harassment]. Among other things, I would like to know under what legal auspices you were able to sue in CA. Do you have any legal business entities filed here? Again, if you do, we need your Agent for Service.
In addition to public records, searches on Google, etc, produced unsettling information on MFO, if true. I do not give personal invective [and there is much of that published about you and your organization] much credence; however, references to your problems with the State of CA, EDD, Franchise Tax Board, etc, and looming mass action suits against you by your “coaches”& staff point to serious issues about your business, its practices, and reasons for leaving CA.
…Absent that, you will find yourself back in Orange County, CA, shortly to stand probe.
I also received from him an extensive list of the public records for Mike Ferry’s lawsuits. I found the length of the list most interesting. Obviously, if a Threat Letter needs to be sent to me, here is my contact information.
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I love how you’re always up for a good fight when one is needed. When do you run for political office, ’cause I’m ready to vote!
I love it how you like sticking up for the little guy (speaking from personal experience).
Early in my career I received a call from one of his telemarketers trying to get me to sign up for their coaching program. Normally I hang up on them but I decided to let him talk for a bit.
I actually liked what the guy was saying but told him I needed to discuss the program with my wife before making a decision. After several closing attempts and me responding with “I have to discuss it with my wife” the jerk says “Do you need her permission for everything? I guess I know who wears the pants in YOUR family!”
I informed him that he was a “f**king idiot” and if he had paid attention to my profiles that, aside from being married, we were business partners. And, yes, before making the kind of commitment they were asking for, I would most definitely need to discuss it with her. And even if we weren’t partners in business we are partners in life and anything I do affects her directly.
I also informed him that he *ALMOST* had a sale until that stupid comment and I would not EVER consider doing business with his company. Not only that, I will be telling anyone who brings up the subject of signing on with his firm how this conversation went and the tactics that are allowed to make a sale.
I’ve held firm to my word and have never gone to any of their seminars, taken calls from their marketers, or anything.
STAY AWAY FROM THIS COMPANY!! The only interest they have is their own bottom line!
Thanks for the link and kind words, Russ.
Let’s be clear: I’m a fan of action. I’m no fan of Mike. I like the ideas that travel and a lot of the community he’s gathered. I know loads about him.
I was involved through Tim and Julie (I reached out to them when they were Columbus’s Top Agents all those years in a row). Tim coached me, and I think that I might have felt differently if I hadn’t had his perspective–there is an anxiety…fraud…within that organization that I don’t get.
Y’all should be following tim at http://timandjulieharris.com.
There are high drama types that I have no patience for all around. There is a focu s on money I loathe…because there is more to balance than your checkbook. There is a wink and nudge tolerance for fraud. I don’t dig that. That starts at the top.
That said, I’ll always be grateful that I was involved for a year. Well worth the $$ even though I’m not recommending it now. Learning to be self reliant and to initiate the energy was what I got. And I’ll keep it.
Like everything MF is a mixed bag. I think that there are shitty ideas in the organization that are dangerous to agents. They lead to burnout and terror. Mike has loads of charisma and his ethos is very boomerish.
Ideas not people: he has one great idea, but to get that you have to endure loads of bad ones.
Russell. Appreciate the work you do as watchdog for our industry. You are generous with your time and have guts. I want to give you a heads up on your referenced site above. http://mikeferrysucks.com/ is a spyware site, which requires you to allow pop-ups, and once you do like 5 pop-ups blast across your screen. I recommend everyone block this sight as a security threat. By allowing this site and all those pop-ups you are vulnerable to malicious software. Please post that to your audience.
James, that’s a crack up because I had the same call! I am not business partners with my wife, but we don’t make large financial decisions without each others’ input. I obviously have no idea if it was the same guy, but when I attended Matthew Ferry’s free deal in our area, and then got the follow up call to sign up for Michael, I got nearly the same line…”You seriously have to run this by your wife? I’m sorry, I thought I Mister Thomson was a man.”
I kind of laughed, then just hung up.
Go Russell go!
@Matt Thomson: YES! That was the line! It’s been so long I forgot the wording!
Either it was the same guy or that is one of their rejection response cards.
What a slimy organization!
HA! That line about having to check with wife is straight from the scene in Boiler Room where he cold calls Henry for the first time.
Wonder if he quotes other sales lines and techniques from the movie in his courses…
Damn, you’re right! I knew it sounded familiar.
Well, at least you know they don’t spend a lot of money on training videos for their telemarketers.
I went to one of his two day gigs in the 90s led by Tom. Some serious kool aid drinking going on there.
Not my style. Apparently no longer that of his sons either.
You are the Best Russell. You achievements and considerations for everyone in the biz is commendable.
Russell, I think you are a rock star! Seriously, I have been saying this same thing for eons. Before I started my RE coaching biz (and I started because I was a real estate professor and agent and author who saw a need not being fulfilled) I spent tens of thousands of big bucks to train under all these gurus….learned mostly what I didn’t want to be like as a coach, but less I digress. My same experience came with Joe Stumph (mentor of Craig Proctor and Buffini). I was licensed–still amm–and gave it my all, but the coaching sucked and after 6 months I told them I wanted out. NO WAY, unless I gave up my license and proved it. Idiots.
Thanks for bringing this to light. As for me, my clients can tell me to kiss off any time they want…if I’m not helping them sell more houses, I’ll tell myself to kiss off.
Take care,
Tamara Dorris
A contract is a contract is a contract. These are contracts between two businesses (an agent and MFO). As real estate agents, we should fully understand this. If I was Mike Ferry, I would do the same … people need to be held accountable for their decisions. Yes, they are high pressure, but no one physically forced anyone to sign anything. Here’s a thought: Try getting out of your mortgage contract, or an automobile contract … do you think these companies will treat you differently?
Best regards,
Mike
Russ,
This is a change from one company to another. I just went to a Craig Proctor half day seminar. I signed up for his Quantum Leap and said to the seminar leader, “Do not process this because a) I wasn’t certain if I could make the date (had to do it at the seminar to get the package price) and b) I wasn’t sure if there was enough money in the account” (it was a debit card. He said no problem just call the office at the beginning of next week. I called on Monday (which was a holiday for them) I left a voice message and sent an email for backup to show I cancelled before it was processed. I checked my bank account and it had not been processed.
This morning I got call from the seminar leader saying he got my message but it had already been processed and there were no refunds. I checked with my bank and they processed it about an hour before he sent me the message. Have you had any experience with Craig Proctors stuff? Right away this experience makes me question his integrity.
Any suggestions on the actions I can take?
Len
They put the koolaid to my lips, but I wouldn’t drink. So the people I work for now zombie Mikeferrians and very coachable have cut my salary, done away with my vacation and sick days and slashed my hours. I went from a somewhat happy “team member” with a real estate license and years of experience in support, to a devalued indentured servant who makes coffee. Very challenging to remain humble, but I will prevail. Don’t get mad – get even. This by being true to myself and keeping my integrity amidst the psycho “warriors”. Yes, the people I work for think of themselves as warriors and use words like hunt and kill. It’s so funny…
Must go to work Mike likes the office open at the crack of dawn….lololol
So here’s a comment from someone who worked for a Mike Ferry-coached realtor, as an admin asst. My former boss was well suited to the cold-calling process. My coming on board as his transaction coordinator helped him double his income in one year and become the #1 agent in his franchise. He was on cloud 9, and it was actually quite fun for me. I kept taking on more and more responsibilities because Mike Ferry only wants agents to list, show properties,negotiate and write contracts. All other activities should be done by others on the team – in our case – ME. And if Mike said it, it was as if Jesus Christ had said it, so I took that to heart and just did more and more. I actually LOVED helping my boss, and we made a GREAT team. Then, things changed . . . as if I weren’t doing enough, I now was told I had to get a real estate license and do things that I didn’t think were representative of my best skill sets (negotiate home inspections and be totally responsible if the buyer’s loan went south – things he was so great at – negotiating/being financially astute). If I didn’t do these things, I was told there was no longer a place for me. I was shocked. I helped him make a quarter of a million dollars two years running, and I did ALMOST EVERYTHING (we’re even talking payroll, taxes) that could be done except bring in the businss. In my eyes, this was VERY SMALL THINKING, and I think his Mike Ferry coach encouraged this line on thinking. My value, as an Ivy League graduate, went WAY BEYOND the “transactional”. I thought I was a solid business partner who could expand the team and truly send the business through the roof. He could have hired an additional individual (preferrably an agent) to help unburden me, keep me doing all that loved and did best, and start expanding the team. He said he had no money to hire help. BUNK! And he told me not to make it all about money (it’s about dreams and goals). BUT IT IS! I sat in the front row of a Mike Ferry Superstar Retreat and heard him belittle people who “only wanted to make $80K”. I would have been very happy to make $80K. Others told me I did the work equivalent to that. I wasn’t even paid half that but that was OK . . .. I was so caught up in working, working, working, going like a hamster on a wheel, that I didn’t realize any of that – yeah, shame on me. Anyway, he’s on his 3rd assistant now . . . in 15 months. The Mike Ferry Organization does not teach agents how to build a business, only how to bring in business and apparently keep as much income possible. While it’s essentially OK for them to help agents get business and not spend money foolishly, I would say that paying attention to the talent you have and learning how to structure a business using that great talent should be a consideration in any coaching company. I now work for a talented young real estate lawyer who pays me well; he takes a very modest salary in order to compensate me appropriately and grow his practice, and he has a nice work/life balance. If the Mike Ferry system suits you, that’s fine, but have the courage to use some common sense as you consider how to build your business while working within their coaching system.
I absolutely am in agreement with the previous post from Sally N. There is no balance just greed and in my case they also like to be dishonest.
In my mind EST has nothing on Mike Ferry!!! The group panders to the insatiable ego’s and stupidity of the agents. Nothing new, there is a sucker born every minute these days.
Remember you don’t have to be smart, ethical or nice to get a real estate license and as we all know the agents that feel the need for Mike Ferry are so very dumb and lazy and egotistical – Oh, did I just mention all the partakers of Mike Ferry and his never ending and I mean never ending coaching calls with his loud mouthed coaches? Yes, guess I did. I’m convinced their are shills on those creepy mind control like calls….
Mike Ferry does not value the hard working real estate assistant and espouses the “work the horse ’til it drops and get a new one” mentality.
That way they can keep retraining the Assistants over and over and make more money at that, all the while manipulating the agent’s to keep giving MF money, because they found that the assistant wasn’t able to live up to the impossible list of 5,000 bullet points in the Mike Ferry assistant job description. The agent’s are always running to do the next thing the coach tells ‘em and it always is a new world for the assistant every time they get back from one of the “rallies”. lol
The assistant position is “disposable” to the Mike Ferry organization. The agent’s cannot do it all and do not know how to do a large portion of it (hence the need for the assistant to do everything) and are playing video games etc while the assistant does all of their work. If this system worked so well then Mike and his “coaches” would be selling real estate! But alas one does get tired of knocking on doors and making those pesky prospecting calls…Greed can get lazy but can morph as we all know.
I must say it is quite validating to see these posts! You know the coaches have to be scrambling to keep their devotees in line and under their thumbs. What with the new economy and all. They will have to keep the money pipeline full for themselves, so watch- they will tell them they don’t need things (things the BW’s (brainwashed) do actually want and need)
For instance they will tell them basically what Suzie Orman says – pay the minimum on credit cards, pay your house payment ,and cut the rest or let go of other things. Sounds reasonable…. But remember the coaches have to feed off the BW’s….hmmmmm what else can they cut out?
Oh, I know any staff or support that hitherto fore classified as the “mule” for the deified agent- the prince and princesses, kings and queens of real estate…yes the essential non-essential “ASSISTANT”. Remember prior to this the ASSISTANT’S were the basket into which everything was tossed “at”. Now they must get rid of the assistants, which these agents need desperately. If they get rid of the assistant, who will return calls? Who will do the updating, emailing, faxing, field calls while making the out of touch agent look good? Who will make sure EVERYTHING IS DONE?
The coaches don’t care they need to get paid….so they minimize the position and justify the cut by pointing out how the assistant or staff has outlived their purpose…Now this is where it gets interesting because mind control can go just so far without a week long session to really get into the agent’s heads. No one has money to go to these events any longer….This is where the men will be separated from the boys. It’s like Cookoos Nest and the coaches are all Nurse Ratched. These agents like their work mules, but they like money more…but they don’t like working…..but….and so it goes. It should be interesting as the love of money bites the sycophant coaches in the rear end! Would love to hear from some more refugees of the MF’s.
Its kind of funny how people get the reputation for being agressive, and then “nice” coaches, and then things seem to change. All I know is I have done the Mike Ferry coaching and I have followed Craig Proctor, even a little with Boufini. The coaches seem to have hige volume with foreclosure work but they tell us not to work with foreclosures. This is the first sign that something was wrong. When I found out that most of Mike Ferrys top producers use reoprep.com I asked my coach and they said “do not work with foreclosures”, now what is that supposed to mean? I left the coaching and started inquiring with the different reo companies and now my business is booming. Maybe I will go back to a coach when my reo listings dry up!!
When you sign a contract aren’t you supposed to honor what you sign? Grow up, just because you decide not to committ to working you want to bail out of the contract with Mike? You have all decided to follow this guy Russell Shaw since he has an axe to grind for reasons that I am not privvy to and I am not interested in.
I can tell you this, I was behind 3 months in my monthly fees with Mike about 3 years ago and I will never forget that he let me off the hook. My business has expanded since that time. He treated me nice and proved to me that he is a nice and opened minded person. Since that gesture was made, I have done better each year and now he has someone that endorses him.
Sure, piss him off and he will rightfight back. Piss me off and I will do that same, it is only natural.
Stop whining and get to work.
Reading the comments and experience with the MFO is very interesting. Just recently I joined a large franchise because the owner seems friendly and the place sounds easy going. I watched a couple of the MF scripted videos and it seems pretty helpful even though you can start seeing a repeat pattern after a while.
I downloaded pretty much every single online document and after reading most of them it made sense on why certain assistants or agents get treated. My understanding is that they separate agents and assistants into separate groups based on their production and the managers are taught how to monitor the teams and their 1 on 1 meetings. Eventually the ones that don’t make the cuts are quickly shown the door. I accidently read the “Manager report” and “action plan” and when I spoke to my manager that day, everything down to the “t” were from the report, which I could easily answer but some of the tasks are pretty overwhelming. After this I started to feel the burn-out from the stress of needing to always perform at a very high level.
I do believe there are a few good techniques and a lot of not so good ones, but is it worth to burn out your agents? If you could get a hold of it, read the “Manager report” which I believe there is a 2009 and 2010 one and you would understand what I mean. The broker/owner are told that pretty much that unless they follow his teaching to the dot, their businesses would not be successful or would fold.
This discussion is silly. Mike does not “get people to sign” anything . . . no one has ever forced a person to sign Mike’s contract. Finally, someone in real estate advocates working hard and running your operation like the business it is . . . and the bitching and moaning commences. GOI!
Hey there! 2010 is just around the corner! Time to get focused on what you can do to make a difference in your career, if you are coached or not! Move on with things in your life and forget about Mike Ferry if you need to.
I had MFO coaches for 3 years or so. I had some superstar coaches there – Like Ender Ilkay, Monica Reynolds and more. They allowed me to switch coaches pretty easily when I felt the need. Maybe things have changed… I don’t know. All I know I was at a plateau of 40 deals a year, and when I finally took the plunge I went up to 70 in my first year coaching, and have never been below that since – bad economy and all! Take my $12,000 please! Now I think a coach is as valuable as- signs, or business cards!
Since I moved on from MFO I followed Ender Ilkay who had went out on his own, and when he retired from coaching I went on to Jim Bimm. Best 2 coaches ever – EVER – and they were Mike Ferry trained. I miss them.
Now I have moved on to Rich Levin. If you want a very knowledgeable coach with a easy fee and is low key call him up. (Don’t let the easy fee and low key fool you – he packs you with necessary knowledge and systems!) He even gives free 15 minute seminars over the phone and web everyday. Check out richlevin.com
Finally to the assistants – When you calculate our commissions, you may not see the whole picture, and even if it still seems unfair – you try it! Why do 70% of all licensees fail? – It is a stressful, never ending job,and sometimes no matter how hard you try – some people are eternally pissed off at you, and make sure others around them know it. And while you have the perfect check every 2 weeks, we can live on a payscale rollercoaster. I love assistants for sure – but if you want to have more – get in the game! Sell Sell Sell!
Jim R
Duluth MN and Superior WI
PS- I got on this little rant page because I googled Mike Ferry 2010 Business plan, and this was somehow not too far down the page – so I took a look-see. By the way – MFO’s Business Plans are the best by far – and they are free!!!
I met Mike at a seminar in San Jose in 1979, and have been using “His Stuff” exclusively since then. I never put in the hours others have…My usual work week is 10 – 20 hours. My average commissions have almost always been over 100K, (took 33 listings my first 30 days in the business, 22 sold within 30 days) and I have had years that were well over 200K. In 2003 I opened my own office and used Mike’s system for all my training. I grew in 2 years from 2 agents to 61 agents and everyone was doing well. I sold the company to a large chain brokerage, and now have a cozy little hotel up in the mountains next to a beautiful lake here in Costa Rica, where my wife and I are spending our “retirement”… Made possible by the MFO.
Thanks Mike….
Your friend always…Steve
I see Mike Ferry asked a few of his employees and fans to respond to this posting.
I have a friend (who’ll remain nameless) who got into real estate a year ago. He’s in his early 20s, and at the time was very naive and optimistic. MFO told him countless success stories and how their students are now closing upwards of 60 or more transactions a year. Sure enough, my friend signed up for the classes. When he was laid off from work he started running out of money, but he faithfully continued to pay them and implemented their teachings. He tried to make any transaction he could. I know he worked hard, he worked 12-16 hour days. I didn’t even get to see him on weekends because he was out there trying to find clients. He did TONS of cold calls, he made his own signs, he ran ads, he called all his friends and family and had them help him.
In the end he made very little, $2000 if I remembered correctly. When he ran out of money to pay Mike Fairy he begged MFO to cancel the contract, they told him no. They made it clear they wanted all their money and they had no concern or care for his situation. Repeatedly he emphasized that he had no money left, no steady job, he was barely afloat, they simply told him he signed a contract and there was no money back and no cancellation. They called collections on him and threatened to take him to court.
Before you consider MFO, just do a simple google search on this organization. You’ll get mostly complaints and stories about how people have been scammed and threatened out of their money. And on each of these threads you’ll conveniently find one or two posters who defend MFO saying they’ve made several hundred thousand or million. I wonder if Mike ever has his employees do a google search and write positive comments to defend him. Maybe, maybe not, use common sense here.
I’m not saying the MFO success stories are all lies, I’m sure some really have made millions and work part time. Just remember 90% of real estate agents fail, 5% squeak by and 3% do well and 2% are super rich.
Last note – besides being a hard worker, my friend has been doing cold calls for several cellular phone industries and has even won Best Salesman of the Month in his state. So I highly doubt it was user error in his case.
Comments like the above are absolutely ridiculous and pretty pathetic especially coming from a 3rd party nonetheless. Let me get this straight.Your friend knowingly and willingly signed a contract with MFO on his own accord for a specified amount of time for a specified monthly amount,defaulted and then asked and begged to be released because he ran out of money and MFO is the bad guy ? Am I missing something here? No I’m not the fact of the matter is that your friend made committment he couldnt keep and is being held accountable as he should be and as anyone should be that agrees to terms and conditions set forth in a business deal.
You spreading lies about MFO is complete BS and your story sounds completely fake.There are actually not many complaints at all considering how big their client base is and the complants are usually from people with the same lame story your spouting about with your hard working friend that can’t pay his bill or make good on his committments,
I have been a customer for over a year and have not regretted it one bit. I have been very successful because of what I’ve learned from various MFO programs and will continue using their services for the rest of my real estate career. I have been more than satisfied from the beginning. I’m not an employee of MFO just a very happy client that is very grateful that a company such as MFO exists for Realtors that want to actually go out an work to make it happen
Right off the bat, I’m not spreading lies. Thanks buddy. Anyone who wants can go google this sham job called MFO and find a ton of complaints. For the lucky few, such as yourself D-rock, MFO works. Congrats. As you read my post you’ll see that unlike you I don’t need to label people as “lame” or “pathetic” as you did in your post.
Now lets get into this…Derek you actually did miss the point and no my story is not completely or even remotely fake.
First off, the statement you made at the end about MFO existing for people who ACTUALLY go out and work is not accurate. You don’t have to believe me, and I won’t try to prove it too much. But my friend did work 12-16 hour days trying to make this work. Sure there were days he only did 10 hours.
Second, yes lets get this straight about the contract. There was a lot of motivation coming from MFO, it was NOT just him willingly and knowingly signing a contract. My friend signed a contract after being told countless success stories and possibilities of making upwards of 60 transactions a year. He was young, naive and new to the business. He didn’t make a smart move, I’ll put that right out there. If it were me, I would think twice about investing $12,000 and a year of my life into any effort. But they had him so gung-ho about this by the end of their MFO pep rally he signed up no questions asked.
You try to make my friend sound like a dead beat…but the guy continued to pay month after month even though he saw no financial gain from all his efforts. In the end, paying for his rent, food and MFO destroyed his savings. That was when he asked/begged to have them let him go. Derek I really hope that you’re put in the same situation some day where you have no money and someone says “hey I don’t care you signed a contract, keep paying me”. Then you can describe yourself in the same wonderful way you’ve described my friend.
If you’ve got the info, why don’t you let us know how many complaints vs. total amount of people using the MFO system.
Take care “Derek”.
Your story is full of holes and LIES!
I did google MFO complaints and there is all but a handful. GET Real and all of them are very very WEAK to say the least and are again full of unproven lies especially the one stating he was at an MFO seminar in April 2009 hosted by Bob Fitzgerald… Oh Really? He left MFO in I believe 2006 and started his own coaching company which is awesome in its own right.
Out of thousands of Realtors being coached or using MFO materials and with only a few weak complaints on the internet is actually proof of how good a company MFO actually is and I can speak from my own 1st hand accounts in dealing with them numerous times I was always treated 1st class and have learned a ton of great thoings that have helped me tremendously. They have been offering tried and proven products for over 30 years and their proven track record with Realtors speaks for itself.
Your 3rd party sob story and complaints are garbage and should not be acknowledged by anyone with the littlest of common sense IMO. If your friend was working 16 hour days in Real Estate as you say for a year and only made $2000 dollars I’d say the problem lies elsewhere other than MFO thats for sure. Nobody made him sign or enter the agreement he made with MFO except himself and people need to stop blaming others especially thru 3rd parties and take responsibility for their commitments if they cannot honor them.
I am not so sure about your beef. I am a student (disclosure) and I have been to many trainings. The sign up part is usually Matthew stating “we will hold you to the contract no matter what, including court”. IN fact, being a coach in a different program, we call that throwing your hat over the wall, not knowing how you will go get it. People resist techniques, and MFO cannot make a difference if you quit after 1 session. I do not find Mike to be attached to anyone joining. To me he occurs more like a big rock standing in his position, unwilling to move for anyone or anything. Sometimes the program pisses me off, and I have a choice. I can see it as corporate america gone wrong, or a coaching program telling me to get over myself and get the *#@* to work. That is to much to take for most because most are not coachable.