This entry was posted on Monday, July 23rd, 2007 at 1:05 am and is filed under Investment, Did You Know?, Real Estate Scams. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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WRONG. Legitimate businesses don’t recruit distributors with the prospect of selling to, or recruiting other distributors. Instead, they focus on the prospect of selling to retail customers.
If you find yourself invited to a ‘Free Real Estate Seminar’ or have a friend pushing you to attend with him or her, fake a major illness, run to Mexico, or just plain say no. Real friends don’t let friends attend real estate seminars.
Why? Chances are you’re familiar with Timeshare presentations. You get a free hotel room, or a discounted trip in return for agreeing to attend a ‘90′ minute course that quickly spins into an all day full court press in which sales agents do everything imaginable to persuade you to buy a highly inflated timeshare.
Who in their right mind would fall for something so incredible wasteful? Everyone. They give those free hotel rooms because people are easily suckered. The same applies for the ‘free’ real estate seminars. You’re really attending a long sales pitch aimed at persuading you to spend thousands of dollars to ‘learn more’ in further seminars. Most people find that the ‘free’ vacations, trips, and seminars they attend end up being by far the most expensive.
If you ever find yourself being pushed to join up with a company that operates via referrals and multi-level commissions, RUN.
read comments (3)
July 24th, 2007 at 9:29 am
Haha…I have a friend who ended up working for as a “realtor” for a company that asked him to recruit other realtors for a cut of every commission his recruits brought in - Forever. It sounded like a nice deal, except someone in the office was also taking a big chunk from each of his paychecks.
July 26th, 2007 at 12:25 pm
That reminds me of the NVU place that Casey Serin got envolved with (http://www.caseypedia.com/wiki/Nouveau_Riche_University). They would get people to pay to take real estate investing classes. You would pay $15,000 for one week of classes. Then for every person you signed up (after your first 3 you signed up), you got half of what they paid in “tuition”. They also were big in the, “other people’s money” philosophy of not using your money, but friends, family, loans, credit cards. Heck you could make that money back in one deal or recruiting 5 people to go to the course.
It’s horrible how they try and trick people like that.
July 26th, 2007 at 12:36 pm
Multi-Level Marketing is not a good way to learn real estate…
RealtyPupil.com posted a good article recently about MLM’s not being a good way to learn real estate. The post reminded me of Casey Serin’s investment in Nouveau Rich University. NRU is a total scam in my opinion. Take in account th…