[PeresisParticipant@peresisJoin Date: 2016Post Count: 1]

February 6, 2016 - 9:54 am

I realise this is an old thread, but I joined this forum to research information about Members Alliance, so thought I should add my experience here too.

If you are thinking of attending one of the information sessions in their head offices, bear this in mind:

1. Whether or not they know about property, they definitely know about the psychology of influence. If you are familiar with the work of Dr. Robert Cialdini, then you’ll easily spot the 6 principles of influence in their sales funnel. If you are not familiar with Cialdini’s work, then I suggest reading up on that first, so that it won’t be as easy for Members Alliance to manipulate you.
2. At some point in the meeting they will tell you “There are two ways we make money”:
   – Commission from the financial institution for setting up the loan
   – Property management fees
   What they will neglect to mention is that the “we” they are referring to is presumably just “Members Alliance”, and there are many other affiliated companies owned by the same group, and it would appear they are not disclosing how those other companies make money from you.

   I asked specifically about the relationship between Members Alliance and the builder, and they evaded the question. I later asked this: “Does Members Alliance or any affiliated companies receive payments of any kind from [the builder] or [the developer] or any of their affiliated companies?”

   And the reply I received was: “I don’t know”

3. In the room they show you the property, they will want you to sign a contract that you have not read. It is impossible to read the contract on the day, because it’s a stack of paper 2/3 inch thick. After explaining that we were not comfortable signing something we had not read, we were informed we had to sign the contract for the process to continue.

In the end, I did not become a client of Members Alliance. After explaining my reservations, I had an unpleasant conversation with one of their employees that broke the rapport they had built, at which point I didn’t want anything more to do with them regardless of any potential merits of what they were offering.

Based on my experience, I have to add my voice to the chorus and recommend to stay clear of them.

• This reply was modified 8 years, 3 months ago by  Peresis. Reason: Formatting