Hi I am new to the business and have been taking classes for about a month to take the state exam we had a guest speaker come thru and speak from wlg about the benefits of working with them because you get to have the benefits with the liabilty you even get to bring in other agents and get a piece of their sales like a broker i was wondering has any one heard of them or knew of any other companys that allow new agents work in such a way

I have heard about them, but the guy who approached me about it was kind-of a slime ball, so I never looked in to it and don't plan to. Sounds like it's just another version of Keller Williams, Exit or any other place that pays you to bring in other agents.

World Leadership Group is one of a host of scams run by a gentleman named Hubert Humphrey.

The real estate related ones are World Leadership Group, Global Realty Marketing, World Marketing Alliance and WMA.

Do a GOOGLE search on any of these terms with "scam" and you'll get a quick picture of what they do.

The latest version I've heard of is that you, as an agent, sign up for their system and pay $350 to participate. You can be at any real estate company. Then, you have a piece of your real estate commissions given to GRM for distribution to your upline. That gives you the right to collect commissions on people in your downline. Of course, it suffers from the basic problems of any pyramid scheme.

Don't even think of getting near this crap. I'm not a big fan of KW or Exit but, at least, they buy and sell real estate. This one is a pure and outright scam.

I'm shocked a real estate school would let these jokers in the door . . .

Always go to ripoffreport.com to research those multi level marketing scams...

Just to clarify: I didn't mean to imply at all that their is anything at all wrong with KW or Exit. I didn't mean to associate them with WMG, WLG, etc. I was just pointing out that the company did not have a unique concept.

So is the concept any good or is it a waste of time ?

The WLG concept is a GREAT concept. The owners are making millions.

It's the typical MLM concept. You convince people that instead of working they need to sign up more and more people under them and pretty soon the whole world will be on your downline and you'll be able to sit back, do no work and collect a big check.

All you have to do is give them a few hundred (or maybe thousand, I don't know for sure) dollars to sign up and get trained and then you sell your friends and family and get a whopping 20% commission.

And, the chances of your making money on it are slightly greater (but not much) than the chances of winning a million dollars in the lottery.

I had a sales person from WLG call me last week. He talked a good one for quite some time but I couldnt understand why I would work with them to access referrals for a network of people I already work with?

Not to mention...with all of the negative attention subprime lending is getting...why would I work with a middle man to get my clients approved? Like a lot of mortgage brokers out there, they are enlisting people who dont have any qualifications managing loan transactions.

I would advise you to leave them alone...this company isnt working of the interest of the client, rather the interest of their profit margin.

I'll reluctantly wade into this one.

I think that there is exaggeration on both sides and what is true in most situations is that the middle ground is where the reality is.

If you really think about it with an open mind, ALL real estate companies are MLM. I can those out there saying how dare I say that! Before I get flamed here, let me just say that it is an MLM, except that the broker is the only one able to participate. It is an MLM with two levels. So WLG allows more levels and more to participate. Is that necessarily good. Well, in most cases probably not because the blind can end up leading the blind. I think that WLG is good for very experienced agents who know their business and don't need the brokers support and can bring in their own business. I was approached with it but didn't do it because I am too green of an agent and I need an established broker behind me to bring support and credibility to my business.

To say that their agents get 20% commission is misleading. It is true for beginning agents for their first 3 transactions who get trained by a field trainer. The problem is that the field trainer may not be the most experienced person in some cases. They enable experienced agents to get commissions in the 60% area, and their selling point is that by sharing commissions with those recruited would bring up your income substantially. They don't get ANY money from the sign up fee, so their is incentive to sell real estate, which addresses another false statement above that they are not interested in selling real estate.

In conclusion I would say this, WLG is not for everybody, in fact it is only for about 20% of the real estate agents out there. And that group is those who have a lot of experience and can make it rain on their own. The reality is that it won't be set up that way so it is probably best to stay away. But in a perfect world, put 50-100 good agents together in this and you would have a serious machine that could kick you know what and take names. Remember your broker is taking a share of the commissions that you generate, once again it is a two level MLM.

Before people pile on me, I did not join this and don't think that the vast majority should. But I wanted to post to clear up some of the hyperbole that was being posted.

Paul

chrimata --

Your claim that all real estate companies are multi-level is dead wrong --- and defamatory.

A split between a broker and an agent is a reflection of their working relationship, like a car salesman and dealership. It is form of an independent contractor which is tax-derived version of the employer/employee relationship.

MLM is something different. Revenue is primarily earned based upon recruiting. It is not a case of an employer hiring employees. It is a case of every employee chasing others to join their downline and those recruits trying to recruit their own downline.

That distorted relationship --- based on tricking people into the scheme that you realized you were tricked into --- is the core of the MLM relationship.

I love when MLS folks claim that so-called network marketing is just like any other mainstream job. Hog wash.

WLG is a pure and unadulterated fraud. It preys on people's hopes. It's goal is to get recruits after their own recruits. Worst of all is the concept of using untrained or minimally trained folks to sell securities, mortgages or insurance. Those are products that should be left in the hands of true professionals.

Steve,

thanks for your reply.



If one is an independent contractor with a broker, then they are not really an employee in the mainstream way that you mention in your post. The same is true with WLG.

Brokers recruit and take a part of the commission of what an agent brings in. In WLG, folks take a small part of the commission that an agent brings in. They don't get any money from the recruiting of an agent. If one were to recruit 1,000 agents and not one real estate or mortgage transaction takes place, the person doing the recruiting would not make anything. Not a dime for the recruiter is made until the agent sells something.

Are you aware that securities cannot be sold except by someone who has a Series 6 or a Series 7 license. The tests are very intensive and require knowledge in that industry. It is not like some states where just by being hired one has a license to sell mortgages. You make it appear that anyone can sell securities through WLG, are you uninformed or just upset?

You keep harping on mortgages. In Ohio for example, one has to sit for a class and an exam in order to get a mortgage license. You don't have to do mortgages to be in WLG. You can do only real estate. It's not WLGs fault that in some states you only have to have a pulse to get a mortgage license. And in response to your post about professionals doing this business, you act as if all the professionals are in the industry except for WLG. Look around you at what is going on in the mortgage industry at the all the 'professionals'. Why can't you admit that much like all of life, there are good in bad people in todays mortgage industry and the same holds true in WLG, there are going to be good and bad people.

For WLG in the real estate area, one earns income for real estate sold by that person and a small percentage from all those recruited. But the only way that one can get $ from those recruited is from real estate sales made. If no sales of real estate occurs, then no $ is made. It is sad that you can't see that and resort to hyperbole about people recruiting as their way to make $. People aren't paid for getting a recruit, real estate transactions have to take place.

Is Keller Williams 'hogwash' to you as well

If WLG is a fraud how does it continue to function, why aren't any state Attorney Generals going after it?

I see that you are with Century 21. Dave Wild was one of the top executives with Century 21 for 20 years is with WLG now as well by the way. Was he smart then and now a charlatan?

Paul

It amazes me how every time a thread gets started about some MLM scam, someone who has never posted here before, shows up, anonymously, to clarify things for us uninformed.

I don't know how much more clear I can be other than this.

BigToe, how many posts should I have before I get the automatic veracity designation here?


Paul

Thank God that mortgages in the past ten years were in the hands of 'true' professionals. Why we might have ended up with people getting loans who couldn't afford them! Then the real estate market across the country might have tanked and foreclosures would have skyrocketed. Thankfully 'true' professionals were on duty and nothing like that happened!



Paul

Paul,

World Leadership Group, Global Equity Lending, World Marketing Alliance and Global Realty Marketing are a series of entwined scams put together by a gentleman named Hubert Humphrey (nothing to do with the former Vice President of the U.S.).

Paul apparently is an advocate. That is his right.

It is my right to state, unequivocally, that these are scams composed of the very worst elements of multi-level marketing.

I know the real estate one fairly well (GRM). You pay a membership fee. You stay with your current brokerage. Every time you get a commission check you send it in for your upline. That gives you the right to build a downline among other agents who also agree to participate.

No value is added to the transaction. No value is added to the members. It is merely a scheme to get a piece of someone else's commission for doing nothing.

Paul tries to make the argument that the value of professionals is overstated, citing the mortgage problems. It is true that lenders and the institutions behind them did use sub-prime products that shouldn't, in hindsight, have been utilized. But, is a bit of jump to use that to demean the value of mortgage professionals. That is like saying that because physicians use a medication that caused harm that one should have your neighbor perform surgery on you. Silly.

Bottom line is whether this family of companies is worth your involvement . . .