- Report: #408283
Report - Rebuttal - Arbitrate
Complaint Review: Realty Executives Executive Launch
Realty Executives Executive Launchsearchhomes.com, realtyexecutives.com, launchresource.com Phoenix, Arizona U.S.A.
Realty Executives, Executive Launch Is A RIPOFF, Don't Enroll! Executive Launch ensures you don't succeed by charging you astronomical fee's and locks you in with a contract! Phoenix Arizona
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When it came to the part of the contract about leaving Realty Executives, they said I would need to complete 6 deals with them before I could leave. If I were to leave, they would charge me a $2,000 contract break fee, but the lady says if I really wanted to leave, they would waive that because they don't want someone to be miserable (The verbage in the contract was pretty much CYA stuff). So, regardless, I signed up.
I started the program and upon completing, I told the instructors that they did not cover the materials that I had been promised to be covered. They told me that they did not cover the materials I was promised in the class (the a-z of transactions, other legal issues). I went out and found my own deals and between my first 2 deals I paid $14,000 in commission to Executive Launch (because they take a portion of your commission). During this time they also charge you a monthly fee of nearly $500 per month.
When things started to slow down I asked for leads and that was yet another promise that was not delivered. When I was fed up with the lies and not getting any help when I would call (my messages were never returned, and my emails would go days without a response), I decided I wanted to switch companies (in case Realty Executives hasn't noticed, they charge enormous fee's and agents are leaving left and right). When I switched brokerages, they sent me a bill for $2,000 to break the contract.
If you are thinking of joining Executive Launch - DON'T.... It is a ripoff. You will NEVER make any money because you pay it all to them. Given the bad real estate market, you would think that they would change their fee's to help the agents, but they wont. Realty Executives doesn't care about it's agents! Over the course of the program, you will pay 25,000 dollars before you are out of the program. Join a firm that offers free training.
This report was posted on Ripoff Report on 01/05/2009 03:03 PM and is a permanent record located here: http://www.ripoffreport.com/r/Realty-Executives-Executive-Launch/Phoenix-Arizona/Realty-Executives-Executive-Launch-Is-A-RIPOFF-Dont-Enroll-Executive-Launch-ensures-yo-408283. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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