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Report: #1182845

Complaint Review: Mentor Financial Group LLC - Highland Utah

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  • Reported By: Batman — allentown Pennsylvania
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  • Mentor Financial Group LLC 5406 W 11000 N suite 444 Highland, Utah USA

Mentor Financial Group LLC Refusal to return my $1,000 good faith deposit Highland Utah

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Investigation results for this company from the Federal Investigation

Mentor Financial Group LLC
 5406 W 11000 N suite 444
 Highland, Utah
 Owner: Jerry Norton and Peter coti

The fee to become an exclusive member is $1,000. This membership will give each member a title as a manager who has knowledge of Real estate. When the manager sent them a profitable deal, an inexperienced staff would take days to figure out if in fact after looking at 300 pictures, gone thru comparable houses, a professional quote for repairs and a video.


You should never ever employ chimps helper to do the thinking work because they just simply dont have a clue what to look for.
 Always hire licensed Realtors to work as office deal consultants. You can't teach a chimp new tricks! It just does not compute high profit margin when they see one! All millionaires should keep an eye for all the dishonest female chimps who want to steal the members' s commissions. Replace the chimps with smart Realtors who know what they are talking about and will be more likely to abide by the real estate laws. Many members have not been paid for months eventhough they have sent in all the purchase contracts. Something is obviously wrong with this picture! Female office staff members rely way too much on the deal genie that when it comes time to make a smart educate investment decision, they just can't. In order to win in the real estate world, everyone must work as a team. If a deal needs an update on comparable houses, the staff should do so and not have to wait for a deal analyzer! You must use your intelligence VS. a robot that was programmed to do what it is told and not to use logical sequences based on the high volume of profits a property can derive to higher value after repairs.
 ___________________________________________________________________________________________________________


 If your local real estate agents ask for money up front "an earnest money deposit during a signing purchase contract", make sure to let your real estate broker deal with this issue. It is not your responsibility to come up with a deposit since the property is not yours.

After every successful deal, Jerry's staff member will always look for a flaw or an expense that a member has to include in the
 deal genie. The mentor financial group LLC is nothing but just a big waste of everyone's time due to the fact that Jerry's staff only look
 for the most profitable deal because they are on a tight budget and will never let his members know of the outcome so he can cash in 100% of the member's commission. I have no doubt that this program has earned massive leverage income on video learning program sales and wholesaling alone rather than in purchasing houses to be flipped.

Jerry Norton's program will benefit their staff members both ways, a $1,000 up front fee to sign up as a member and all the members' s
 commissions earned after each deal. It's definitely not a $10,000.00 commission paid per deal and furthermore, you just don't sit at
 home and send Jerry's deal without signing any contract. The real estate commission would never aloud any member to earn a
 commission when they don't even have a proof of purchase contract in writing!

The bottom line is, if Jerry Norton and Peter Coti are in fact millionaires and have produced over $400 million in sales.
 They should have no problem executing profitable deals quickly and efficiently as possible. The contract has already been signed.
 Why are they still not compensating the manager who put in 10 hrs out of his work time per deal, cost for equipment such as copier, fax, photos and fuel consumption. If this program is in fact legitimate, Jerry should have no problem sending the manager's commission via express mail after the realtor's office has received the deposit. Why wait until closing, they definitely have a lock in contract.
 It's a sure thing! You should never make your staff who put in the extra effort to get you highly profitable houses still waiting month after month.
 Jerry Norton and Peter Coti will not be where they are if it was not for all the members who signed in. Always take care of people who
 feed you the dough, lesson #1.
 ___________________________________________________________________________________________________________

You do the math - 100 members sign up x $1,000 = $100,000 per webminar earned.

$10,000 commission per member x 3 successful deals = $30,000 x 100 members = $3,000,000 gross income easily.

Get rich quick compensation for all Jerry's staff members. Be very careful of all the female staff members and especially the female realtors.
 They have the bad habit to disclose sensitive informations to the public, friends, and staff members, in turns will jeopardize the progress of the entire deal. Disclosure fraud!

Due to a lack of performance and a breach of contract from the Jerry's staff. All members should have legal recourse to get all the good
 faith deposit back by real estate laws.

 Regarding your refund, you can kiss your investment goodbye! The staff will find a find a legitimate reason not to return your hard earned money. If they are not going to pay each member, they might as well return the full $1,000 membership as a good faith deposit. (perfect example of why Jerry's staff don't abide by the Real estate laws)  It's illegal to steal a member's good faith deposit.
____________________________________________________________________________________________________________

Jerry Norton, the Broker cheats the middle man, the manager, out of thousand of dollars with the local realtor. You are putting all the hard work for a stupid king who is only window shopping. His net worth is only a bear $500.000. Now you all know why those idiots only want to wholesale!   All the males mechanics between the age of 40 - 50 age living in the state of Virginia are well-known real estate thieves experts!

This report was posted on Ripoff Report on 10/14/2014 12:07 PM and is a permanent record located here: https://www.ripoffreport.com/reports/mentor-financial-group-llc/highland-utah/mentor-financial-group-llc-refusal-to-return-my-1000-good-faith-deposit-highland-utah-1182845. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

How to get action

AUTHOR: Pendevu - (USA)

POSTED: Tuesday, April 05, 2016

 Thank you for reporting this company. I was ready to sign up with them tomorrow for one of their programs. Now I won't. I think the appropriate agencies to contact about this company's alleged misdeeds are the Real estate Commissioner of your state, the Federal Trade Commissioner who will not act until they receive a number of reports, the Department of Corporations of your state, the department of Consumer Affairs in your county, and your State Attorney General. Include copies of any and all evidence you have including letters from those Realtors who now refuse to work with you. Do this, and you will get action. It doesn't hurt to alert your local newspaper as well as TV news.

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