Tom Ferry

Tom is the worst coach for real estate business

I had my coaching contract with Tom Ferry which I continued for 7 months and I wish I had never taken up his coaching at the first place. My coaching started with TFO in February 2017 and I was looking to conquer new heights in my business. From last three years, my business was showing no growth. I was able to make $100,000 every year and wanted to grow with time.

When I consulted Tom, he offered me a free consultation where he assessed my business plans and my tactics. It was a bait which fall at the right place. After consultation, he suggested that I was using expired techniques which can never help me grow with the current trend.

After he assured me of the growth, I opted for his coaching program. He was very convincing. He said that I used to be a great agent in past, but the position I was holding now, needed new ideas and techniques for better future.

The coaching was worthless and I had two coached during the time I was with TFO. The first coach was bad and could not add value to any plans that I already had. The company paid referral bonuses for coaches and anyone could have been introduced to the coaching program to become a coach himself. Coached just need to follow their manual prepared by the company and should have a time schedule to earn the incentives.

The real money came from the referrals. But, during the time, I was working with my first coach, I couldn’t make any profits. On the other hand, my annual figure dropped to $36,000. I requested to change the coach. The second one was better, but it was too late, and the damage was already done.

I had to battle a lot with Tom and convince him to terminate the contract. I told him that my limit was over on my credit card and I was not able to pay the monthly fee for the coaching. I also added that because of the bad coaching, my annual profit plummeted. That was the reason, I was not able to keep up with the credit card payments.

After a month, I received a call from them. The person was Rick and I told him the financial condition I was going through. I explained how the bad coaching from Tom and his coaches ruined my business and put me in a huge debt.

Rick promised that he would try to find a solution and would contact in few days. After not hearing for quite a while, I left three messages. But Rick did not reply. That signals that Tom does not care about his people whom he promises to profess. I am very angry and disappointed by the way they handled my situation. They did not care to provide any solution for the damage that they had caused.

I am still in huge debt and will try to convey my message to as many people as I can. If you wish to save your business, stay away from Tom Ferry.

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2 reviews

  1. Could be your grammar bro...

    Might be your grammar…

  2. Total scam

    Tom Ferry tricked me. I reached out to them as new agent to find out about their coaching program and I was convinced of signing up for a program that was out of my budget range, but I signed up because I was told I had 3 days to try it out and if I wasn’t satisfied I could cancel within the first 3 days with a form they provided me. The form had to be filled out, signed and either sent to the email they provided or mailed through the post office to an address they provided. Well, I didn’t wait 3 days, I canceled the very same afternoon. I sent the first Notice of Rescission within a few hours, since I received no reply, not even an automated one, I sent another, again no reply so the next day I went to USPS and sent a printed and signed copy of the Notice via USPS certified mail. They haven’t refunded me the amount yet and my bank says that all the documents I have given them were filled out correctly and within the terms of the contract but for some reason Tom Ferry is still fighting to not return my money. This has been going on for a little over 2 months. Is the company doing so bad they need to steal from people? I have my contract, I have the signed Notice of Rescission and all the proof necessary to prove I canceled within the 3 days of the contract 3 different times, the very same afternoon I signed up for the program.

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San Francisco CA US
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Status : Published
Reported Loss : 40000 $
Location city : San Francisco
Reported by : dany77
Category : Person
Views :

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