I recently searched the DRE records for Mike Ferry. After all, he claims to have been a top salesman in the business for several years. On 3/12/1973 a Michael David Ferry was issued license 00448718, the license expired on 3/11/1977. I find it interesting that someone who worked in the field of real estate sales for just 4 years is able to sell his methods, which were developed over his career to individuals and companies who believe in his system and think it works so well. My wife was in the business in the 1980s and took some Mike Ferry classes. I recently took several classes with Mike Ferry between 2004 and 2006. Comparing the material over the 20 years it appears that the program hasn’t changed much. Mike’s plan appears to be that if the worked in the past it will continue to work in the future. My business partner and I had signed up for weekly coaching sessions which were quite repetitive and very basic. We complained and had been recording all of the sessions and proved that the sessions were in fact near copies of each other with very little if any new information in each session and received a cancellation of the contract and refunds. This method of repetition extends the period of time required to complete the Mike Ferry course. With due diligence, well-written material and in forms instructors the material could be learned within 6 to 8 weeks. Stretching the courses the way the Ferry organization does creates a continuing income stream and a need for fewer and fewer students.

We felt that program was a total scam and that it appealed to a less educated ill informed segment of the brokerage community. Mike actually brought on stage one of his students who claim to be making many millions of dollars per year. This individual was an illegal immigrant who had lived in a cave in Mexico, then came to this country and admitted in front of packed crowd that he paid for the documentation required to establish him as a legal immigrant. He claimed to never leave his office, never see the properties he is selling and never does CMA’s to establish value. To deals strictly in the Hispanic community and builds trust by speaking the client’s language. He claims to have never been sued due to the fact that his clients are frightened of the US legal system and possible deportation and does not care about the real value of the property just what he can get for it, financing for the buyers, because the broker deals with primarily Hispanic lenders and appraisers and the number always comes in.

This is definitely not the type of organization any good broker or salesperson should be involved with.

During one of the classes I took with Mike he was very happy to inform us that he would soon be getting his own private jet. To me this was saying I’m making my money on the backs of realtors not as a realtor just do as I tell you and keep on sending me your money.

There are many other real estate coaches out there who will work with you and teach you to do the business for a lot less money, without high-pressure sales, and the understanding that the market is changing and people can’t afford $1,000 a month, especially when that’s going to fuel Mike’s jet.

In my opinion Mike is a pompous, self affected, braggart with very high self-esteem who looks down at other people, not at them. To Mike you represent cash flow, he could not care less if you succeeded or failed just that you paid him.

Should you fail to remit payment due or fail to resume regular payments for the remainder of the Contract period, The Mike Ferry Organization shall have no choice but to proceed with actions to collect its payment, including filing suit. In the event that The Mike Ferry Organization must take further action, it shall enforce its rights to collect all costs of doing so, including attorneys’ fees.

Please contact Se’Rita Covarrubias in our Collections Department at 1-800-448-0647 or via e-mail at serita.covarrubias@mikeferry.com.

Thank you in advance for your prompt attention to this matter.

Sincerely,
The Mike Ferry Organization
Accounting Department

THE POINT IS DON’T KICK SOMEONE WHILE THEIR DOWN, LET THEM COME BACK TO FIGHT ANOTHER DAY. EVERYBODY FALLS ON THEIR FACE AND HAS TOUGH TIMES, AND IF YOU HAVEN’T, THEN YOUR THE EXCEPTION AND I HOPE YOU NEVER HAVE TO EXPERIENCE IT.

EVERYONE IS A PERSON, YEAH, YEAH SUCK IT UP. I HEARD IT. SO SHUT UP AND LISTEN. EVERYONE HAS FAMILIES, CHILDREN AND SOME KIND OF PRIDE.

WHEN A MAN IS DOWN, HE IS ALREADY DEMORALIZED, BY NOT BEING ABLE TO SUPPORT THEMSELVES AND THEIR FAMILY.

THE POINT IS WHEN YOU SIGN A CONTRACT. MIKE FERRY’S STAFF SHOULD SAY, ” HEY, IF YOU DON’T PAY US AND WE DON’T CARE IF YOU PAID US $10,000 OR $100,000 BEFORE YOU MISSED YOUR PAYMENT, WE WILL SUE YOU AND MAKE YOU PAY ATTORNEY FEES”. NOW….. PLEASE SIGN THE CONTRACT.

IF YOU SIGN THE CONTRACT, THEN MAN UP!!!! IM OK WITH THAT!!!

GOD FORBID THAT YOU MISS ONE PAYMENT OR HAVE A TOUGH YEAR, THEY WILL COME AFTER YOU. THEY WILL, EMAIL YOU, THEY WILL CALL YOU LIKE A CREDITOR, RECORDING THAT YOU MISSED A PAYMENT, MIKE FERRYS OFFICE WILL STATE IN THEIR EMAIL OR MATERIALS THAT THEY WILL SUE YOU INCLUDING FOR ATTORNEY FEES.

YOU MAKE THE CALL, THEIR ARE SOME MANY REAL ESTATE COACH AND EXPERT OUT THEIR.

TIMES ARE TOUGH OUT THERE, KNOW ONE THING MIKE FERRY’S OFFICE DOESNT CARE THAT YOU CAN’T FEED YOUR FAMILY OR YOUR HAVING A TOUGH YEAR. HIS STANDARD ANSWER IS GET TO WORK. AND PAY ME.

OH, AND IS BLONDE BIMBO, PAY US OR ELSE.

SO, CAN YOU TELL IM A LITTLE PISS OFF, AT THEM.