#1 Employee
AUTHOR: Customer Service - Draper (U.S.A.)
SUBMITTED: Monday, April 28, 2008
POSTED: Monday, April 28, 2008
Let us preface this rebuttal by stating that Coaching Institute has thousands of satisfied customers across the nation and thousands of testimonials ascribing to significant life changes upon completion of our program. Such testimonials can be viewed on our website at www.coaching-institute.com. Coaching Institute is extremely proud of the level of service that we are able to provide each client and of the success we have helped thousands achieve.
Coaching Institute presenters are professionals. We do not make promises that we cannot keep and we operate on the principle of full disclosure at all times. Our program is designed to assist Real Estate Agents become more successful by teaching them tools to become an investor. As stated at the seminar, our program is not a get rich quick system and will require complete commitment on the member's behalf. We fully stand by our guarantee that if you have not earned or saved at least TWICE the cost of your tuition within 12 months of your training, we will continue coaching until you do. This is not an empty promise, but a GUARANTEE. When you follow the program and utilize the tools given to you, you will succeed.
Obviously Christina saw an opportunity to make positive changes that would assist her in becoming more successful in her business. Then, according to the comments she submitted when she submitted her personal assessment to Coaching Institute, Christina had second thoughts about her ability to complete the program successfully. Christina submitted her assessment to Coaching Institute the day following her enrollment in the program. She asked “for someone to please call her because she may have gotten in over her headâ€. This statement alone is reflective of Christina's composition. Let alone, the fact that during her first coaching session, Christina requested a refund. She had not even begun to experience the program and had already placed barriers in front of her.
Coaching Institute presents our seminars to hundreds of Real Estate Agents, CPA's, Lawyers and other Professionals on a weekly basis. We have thousands of satisfied clients and thousands of testimonial letters from across the nation ascribing to significant life changes upon the completion of our program. Our agents are professionals and do not pressure anyone into making decisions that they do not want to partake in. Christina freely chose to stay and listen to our presentation and freely entered into her contract with Coaching Institute. Her statements are consistent with buyers remorse and fear of the changes and challenges she must face to successfully complete the program. This is the very reason that Coaching Institute's contracts carry a non-cancelable, non-refundable clause.
Our seminars are professionally presented and our contracts and the binding nature of them are fully disclosed from the onset of the seminar. Nothing is misleading and nothing can be misconstrued as swindling as all participants are given ample time to review the contracts and terms and conditions before they sign. All information regarding our program is provided right up front and if Christina failed to familiarize herself with the contract and terms and conditions before signing, we fail to see how this can be construed as a deficiency on the part of Coaching Institute. Christina was also provided ample time for questions and answers regarding our program. Christina did participate in this session and obviously, as she entered into the contract - Coaching Institute was able to satisfactorily answer her questions. Again, if she neglected to ask all of her questions at that time, we fail to see how this is our responsibility.
To be more specific with her concerns:
Regarding the website - the website that is received as part of our package is a trial website and is free of charge for the first thirty days. We aim to provide added value by lining up additional products and services for our clients to try out. Again, we do not pay the companies for this, so there is not a discount for it. It is your decision to use it or not. It is fully disclosed that the website is provided for a period of thirty days and if after thirty days clients decide not to utilize it, they may cancel it without any recompense. Christina is searching for a way to get out of her contract and has misrepresented this information. In addition, Christina paid $4995.00 for her program. Our contract clearly states that the value of the coaching services alone is $6885.00, including resource sessions. She paid a discounted price for joining that day and receives the benefits of the workshops and other related items at no additional cost. As another benefit for utilizing these services and signing up through Coaching Institute all set up fees for the websites are waived through their company. Again, Christina is searching for a way out of her contract and has misconstrued the facts as they were presented.
As to her comments regarding her concern with the strategies presented by our coach and the types of tactics we use - The job of the coach is to find out what the goals are of the client, then present strategies that can help them achieve those goals. The strategies presented by the coaches are strategies that have been around for years, and many investors use everyday to help people sell or buy properties, and to help themselves to buy and sell properties. As Christina did not have any clear goals delineated on her assessment, the coach then started presenting many strategies and web sites that are used by investors, real estate agents and realtors alike. Christina has been an agent for four and a half years and even though she has never really invested much, she seems to know more than the rest of us. Hence our confusion on why she joined the program.
Again, the details of our program are fully disclosed from the beginning. Christina was fully aware that the coaching sessions she would receive would be for a half-hour on a weekly basis for twelve consecutive weeks and then scheduled at her request for the next nine months following the guidelines in her contract. As you can appreciate, our coaches are very busy and must be accountable to all of our clients, not just Christina. We preach accountability to our clients, and therefore must be accountable ourselves.
Christina's next comments center on the two-day workshop and her perception of the events that transpired there. Our presenter, Lynn Stevens, has been in the real estate business since 1969 as a licensed real estate agent and broker (Broker since 1972). He has held real estate licenses in several states, and has helped others complete their real estate transactions, and has completed many transactions for himself over the years. There have been zero complaints and no lawsuits filed against him. That alone says something of his ability to do an honest, straightforward job in the real estate industry.
When he starts the seminar, he introduces himself, and lets participants know that he is currently a member of the Board of Realtors and that his goal is to increase the competency of each agent; one agent at a time. Also an important note here would be - he has found that when most real estate agents become investors, they also become better agents. With that in mind, he does not just cover investment techniques, but also basic business practices as an agent, and an investor.
At the beginning of the hour he also lets participants know that this is not a get rich quick program; they will have to put in a lot of hours of their time in order to become more organized, learn the investment techniques, and put together a team of people whom they get advice from when doing a real estate transaction for themselves and/or helping their customers.
The other very important rule he stresses throughout the seminar is that everyone needs to practice FULL DISCLOSURE. If there is something wrong with the property, or if something was wrong with the property and it was mitigated, then it must be disclosed, and if mitigated, what was done as a corrective action. He then shows the class how this could be used as a positive sales tool rather than a negative. Then, on day two of the seminars, he shows how far he actually takes full disclosure. When a regular agent creates a Comparative Market Analysis (CMA), they usually show what they think the price should be. This is not giving the customer all the information they need to make an educated decision and Christina most likely falls into this group. Sorry, but real estate agents are not appraisers, and should not try acting as one. Trying to do so creates false information for a customer to base their decision on.
What Lynn does and teaches is a little more complex, and takes a little more work, but the customer has more information in which to make an informed decision.
In graphic form, he shows the low price based on the time it should sell, the medium price, based on the time it should take to sell, and the high price, based on the time it should take to sell, if at all. With this additional information, they can decide how much risk versus the amount of time they would like to sell in. Now, if they want a quick sale (and that is their motivation), then an offer can be made right at that point, and the client can evaluate if they want to accept the offer, list the property or do nothing. That is full disclosure of the price point they want to sell at. What the average agent does not give the customer the level of full disclosure that Mr. Stevens practices and preaches daily.
Just a note for the agents in California, there is a law on the books that says if you represent, or purchase property in a pre-foreclosure process (Civil Code Section 1695 through 1695.17) and you violated Sub Section 13 (It is unlawful for any person to initiate, enter into, negotiate, or consummate any transaction involving residential real property in foreclosure, as defined in Section 1695.1, is such per, by the terms of such transaction, takes unconscionable advantage of the property owner in foreclosure), and if you do not have in your contract in 14 point size type REQUIRED BY CALIFORNIA LAW, and then the wording exactly as California law requires, you are subject to fines and other remedies. Coaching Institute, our presenters, employees, agents, etc. are fully aware of the laws practiced in each state and abide by such on a daily basis. Christina alleges that our program is designed to teach her how to swindle people out of the equity in their homes. Unfortunately, Christina missed the section of the workshop that spoke on full disclosure and the agents' fiduciary responsibility, not only to their clients, but also to themselves. Either that, or Christina was looking for a get-rich-quick-scheme that Coaching Institute was unable to provide.
Another of the things we encourage is after members have been to the workshop, that they get together to review some of the items, and if they have questions on specifics, they can email the presenter and he will try to answer to the best of his ability. This also creates a forum for them to exchange ideas and information on the real estate market in their area and resources they may be able to share. Our coaching program is also DESIGNED for this very function. Hence, the meaning of the word coach.
Christina is not going to be satisfied with any answer that Coaching Institute provides. We have made a faithful effort to fulfill our portion of the contract and detrimentally relied upon Christina to fulfill hers. She has not and continues to resist our efforts to assist her.
Coaching Institute takes our business very seriously. Coaching Institute will not tolerate threats, libel, slander, or other fraudulent acts. As the leading technology coaching company in the country with an impeccable reputation, Coaching Institute is willing to fulfill its responsibilities and complete the contract into which it entered. Our commitment to Christina has not diminished, however we cannot force her to participate in her coaching program. This is Christina's choice. As it has been from the beginning.
The Real Estate Investment Total Business Building Package involves a high level of accountability. Coaching Institute holds its clients to the same high level of accountability stated in our guarantee. Coaching Institute's philosophy is that failure is not an option.
We remain ready, willing and able to assist.