Money Tree Funding Scam on Realtors Canoga Park, California

Almost scammed by a "Money Tree Funding". I called their number in California, it all seems legit. They have a lot of professionals out their working for them.
Here is the e-mail they sent me: I was referred to you as an active real estate agent working with buyers and sellers. We have a few buyer applications in your area that have been pre approved for a loan. These applicants are looking to buy a house within the next 0-180 days and have been verified. They need a real estate agent to find them a property! Wow, sign me up, especially in this market!

Well, after talking to them they told me it was a 10% refarral fee at closing (I can do that) and a $35 up front cost per lead. But there is 31 leads in my area, If I buy the whole package it would only cost me $500 for all those leads. He even said there was a 100% repayment. Sounds good, right? Read on...

I asked my representative "Isaiah R. Jenkins", why out of all the Realtors in my area did he choose me to have these wonderful leads? He said it was because I've been a Realtor for over 2 1/2 years. What? Really? Sorry to inform you, mistake #1, only been in the business for less than 2 years (which their receptionist asked up front) and their scam was sent to my Broker who in turn gave it to me as a lead. I asked them to send me the application so I can review it. This is the email
"Isaiah R. Jenkins" sent me:

We are Mortgage Brokers who specialize in providing applications that brings results. Each application is provided to one agent at a time. There are no contracts or long-term commitments required and we have a liberal
replacement policy. Let's get you started today.
Verified Referral Applications $35.00 Per Application

Some are Phone Verified by a Marketing Rep to verify information is correct and some via e mail;
Client understands that he/she is going to be contacted by a real estate agent to find the ideal property for them.Client must be looking to buy a property with in the next 90 -180 days.
Some Client are again contacted 24 hours prior to release of referral to Broker or the real estate agent;

** We replace applicants that are not interested no additional cost.

After looking at the application they have it written as a fee of $500 charged to my credit card every month. It was not a one time cost. Please do your research before purchasing anything. I'm glad I did, and found this site to help me not make the biggest mistake of the year!

Gen
Merritt Island, Florida
U.S.A.