The Mike Ferry Organization Reviews

There is some value in what they teach, such as scheduling your day, learn about personality styles and using scripts, but it's all stuff you can learn from a book. Mike Ferry doesn't believe in advertising, only cold calling. And cold calling doesn't work anymore. For $1000 a month, 12-month minimum (you cannot break the contract) you will receive free access to the download on the website (big deal), free events for a year and one weekly call from your coach. Oh, and a CD collection and a journal... Personally, I liked my coach, and I received valuable advice from her, but I would not recommend the Mike Ferry Organization to anybody.

I follow the process for 5 months. An impersonal process. With the coaching repeat the same the CD say. And the CD teach you how you be rude with people "your clients" because only be a numbers. That is the system. And Mike Ferry do not understand why some many of his "top" agents NEVER Receive a referral. Clear they count numbers never people.

Unfortunately my business from 10 years do not improve with "liar system" only decrease until now I want to quit real estate because is not only I receive a calls, email, and letter from the liars threat me with lawyers and collections and I lost the credibility from buyers and sellers because "the liar system" focus on the defects and not the qualities of the clients. PLEASE BE CAREFUL. No listen the liars, they only want your MONEY.

Mike invites people to his seminars and also charges them to come. Which I did. I did not sign up at the seminar. Mike Ferry organization then pursued me. They called me a few weeks later and asked if I would like to do 25 transactions in the next year? Who wouldn't? Then, the recruiter emailed me the contract and made sure I signed the contract while he was on the phone with me. Do you see a problem with that?

Ok, I admit, I should have gotten out of real estate one year ago. However, it sounded really good to do 25 transactions. My coach was nice and all. She required I listen to the CDs of Mike. She required that I listen to the daily call recordings. I did. I paid for FSBO and Expired leads. I called my SOI. I did the scripts verbatim as tikd. People would say, "Are you reading from a script? " "Are you with Century 21?" We have a Century 21 office that is all Mike Ferry. They have done well, but just like the rest of the industry, only a few really succeed and they do really low end properties.

My frustration is that Mike Ferry pursues you. They make representations that sound great. They want people locked into contracts because if they fail, they send you to collections. This is true. I told my coach not to call me anymore because being in Mike Ferry didn't bring me any new business. It was necessary to cut my expenses. I told her her calls were ineffective. I am not a happy customer. But that doesn't matter. Christie from Mike Ferry offered me a new coach. I told her after 6 months with no new business, it was too late. I asked her what she does with customers that are not happy don't pay? She responded that they send them to collections to work out a payment option. And if that doesn't work? They go to a 3rd party. So if you are not a happy customer, you go to collections. Ha! Ha!

To all Mike Ferry lovers that drink the Kool Aid, good for you! But for those that don't succeed, it can destroy your life, your credit, your mortgage payment and make life very miserable, and he doesn't care. To Mike Ferry clients that call people like us losers? Its because you heard that from Mike himself. That is what he thinks of his clients that don't succeed. Let's just say that Mike Ferry helps some people, but along the way he has damaged people too.

Well ... I am going to start with my first mistake I made by signing a 12 month coaching agreement. Right away in the first month, the coach that was put on me .. was a joke..I know more than he did. In a few phone calls he was asking me for advice. .. (I use to make 700,000 in commissions at one time. I just hit the divorce thing with depression). I ask for a different coach.. that never happen. The second month, the same thing .. I felt like I was getting nothing out of it so I try to cancel in hopes that they would put a different coach... the 3rd month the same thing ..So I did not pay the 1,000 per month.. the 4th month the same thing and the 5 month.

On the fifth month the call me and ask me for a payment ... I told them of the problem. They said no problem .. bring the account current and we'll talk. Once they had my other 3,000 for total of 5,000 I had nothing...You not going to believe what happen.. they went into my bank account and pull all the saving that I had without my authorization... Now they had 7,000 of my money.. Now they send me a collection agency for after an other 5,000 .. **. My credit is bad and I did not get anything out of this..

I also explained that I was going through divorce.. no money, my kids were with me.. (the wife found another man). Mike Ferry had the food for me and my kids. I wish someone can teach this man a lesson... He has no feelings for anyone ... all he cares about is himself .. He even hates his own kids.. Mike Ferry JR..because his own company doing the same thing as the father. If I had a kid that is growing and looking for success ..I would be so happy for him.. not Mike Ferry. My son is a Realtor .. we are seeing hard times.. we can use the money he took from us. He is an ass ...I would like someone with tech save to pass this on to anyone who is thinking of signing up with Mike ..He as treating me, had his lawyers call me .. I don't know what to do.

My depression rendered me unable to work which I did try to explain to Shirley **** at the MFO office when I called to cancel my account before coaching began. I was informed that I could explain to my coach my situation when they called, which I did. The coach told me in December that he would seek a hold extension for me so that I would not have to cancel. I told him again that my family has been financially devastated and I was trying to get back up on my feet again and just try to take care of my children which I was unable to do at the time due to my depression. I was unaware of any hold fees or that the extension was not granted.

Again, it is MFO policy that an account can be placed on hold for illness and I was quite incapacitated. I am still undergoing treatment and trying very hard to get better and get on with my life. However, I never heard back from my coach until February when he called to say we needed to have a coaching call. Despite my many attempts to communicate with Adrian **** who seems to be in charge of collections at MFO, my attempts to cancel were denied and I was informed that they would cancel my account and get a judgment against me for $12,000 plus attorney’s fees.

Problem number two is that I was also assured I would receive 3 coaching calls monthly. The first month went by and I received one and my coach no-showed for the second. Nevertheless, my card has been charged for $1,000 plus a holding fee and I was unaware it would be coming until I received a copy of MFOs Policy and Procedures Manual in my mailbox some weeks later. Moreover, the services promised at the conference which include a neuro-linguistic coaching are not actually available to me until I complete 6 months of this coaching at $1000 monthly. I explained to my coach that I would have to cancel and they could keep my deposit.

I continue to receive threatening emails and phone calls from this organization claiming I must pay them for February when I received no services and for every month thereafter or they will turn me into a third party collection agency and file suit against me. My financial resources have been depleted because I had to cover our household expenses while my husband looked for new employment and I was treated for severe depression. I’m still trying to get back on my feet. I just don’t think it seems legal or right that I should have to pay for services that were not as advertised and frankly, were never fully rendered. I did some research and it does appear that MFO has quite a collections operation set up and they have filed judgments against several realtors here in San Diego. They max out credit cards when they are not authorized to do so. I want to be prepared if they do decide to file against me as well.