Tom Tokunaga Of LB BROKERAGE Tom Tokunaga dishonest realtor, liar, ripoff Long Beach California
Tom Tokunaga of LB Brokerage is an awful realtor. His
main interest is not in serving the client, but himself. Let me explain:
In the summer of 2004 (when the real estate market was booming) I hired Tom to sell my condo because he told me with confidence that he could get $580,000 for it.
I thought that was a bit exaggerated, but I said,
let's go for $565,000. Well, we listed it
and got no interest. Tom did one open house
and then had other agents do the open houses for him
on other weekends.
On the 2nd month, Tom informed me that the market was taking a dive and that we ought to lower it to 499k. I compromised at $525,000.
After about 2 weeks, Tom informed me that we have an
offer but that he had not read the amount yet and that he would wait until I came to the office.
In hindsight, I realize this was obviously a lie, because he just wanted me to see the offer of $475.000 to tempt me. I countered at 499k and the buyer stayed firm at 475k. Tom thought it was a good offer because
the condo market is taking a "big dive." He told me a
bunch of lies about how there were thousands of condos on the market and that there will be more and more of a supply.
At the time I was ignorant about what was going in the
market and I trusted Tom since he had my "best interests in mind". Or so I thought!
In reality, he just wanted to sell it to get him commission.
Now, I realize that I undersold by at least
50k. The condo market never took a dive as he said. In fact a 810 sq foot condo sold for 465k a few months after mine did. My unit was 1007 sq feet and in much better condition.
I accept some responsiblity for taking the offer but I
think as my realtor, Tom should have never even let me see that low offer. He is supposed to keep my emotions out of it.
Besides all that, Tom is just plain shady. One time
when he answered the phone and when the caller wanted him to take a message, his response was that he is the janitor and that they should call back. All these actions were a sign to me that I should have
stayed away from a lazy, seedy liar like
him.
Do yourself a favor and stay away from Tom Tokunaga of
LB BROKERAGE in Long Beach, CA. Technically he is not a crook, but he is a terrible realtor.
Kimon
Long Beach, California
U.S.A.
2 Updates & Rebuttals
Kimon
Long Beach,California,
U.S.A.
Response to Larry Boren
#3Author of original report
Thu, October 30, 2008
I refused to meet with Larry and Tom because I realized that it would be entire waste of time. Larry Boren sent me a letter replete with lies and half-truths: In the letter he stated that Tom found my present house. This is absolutely not true. I found the house through my neighbor, Jim Gerschultz. I only had Tom make the offer for me. Larry also states that Tom performed well for me. This is not true. Like I said in my original complaint a 810 sq. foot condo sold for 10K (9.7 %) less. However, it is 20% smaller than my place.
Also, it must be known that Larry Boren's in house mortgage broker, Henry Prejean of www.onemoreloan.com (who Tom highly touted and recommended) was selling loans which had negative amortization, adjustable rates and and pick a payment options. These loans, we are finding out now, yielded higher commissions for the brokers; but eventually they brought the US economy to its knees. Fortunately, I said no to Henry and went with a 30 year fixed with another company. But let me tell you, it was very difficult to talk my wife out of the "hokus pokus" loans because Henry made them sound so appealing.
In my opinion, LB Brokerage and all the other real estate companies that encouraged buying during the bubble period and financing with adjustable loans are complicit in the destruction of the economy.
In the meantime, Larry Boren is driving around in his nice Mercedes and living on the beach. He is the profiteer.
If you want an ethical realtor, look for someone who talked people out of buying during this time period. They are the truly knowledgable and upstanding agents in a business full of sharks.
IF you have any questions regarding this case or if you want the opinion of someone who is not in it for the $$$, please call me at 562 253 2868.
Thanks,
Kimon Haramis
Larry
Long Beach,California,
U.S.A.
Kimon Haramis has filed inaccurate and defamatory report about Realtor Tom Tokunaga
#3REBUTTAL Owner of company
Sat, August 09, 2008
Realtors (562)621-1234 Tom Tokunaga, Realtor with L B Brokerage, Inc. has shown to me the comments made by Kimon are not true. These statements were made to the open world through this internet ripoff report two years after the transaction was sucessfully closed and without notifying Tom Tokunaga that such statements would be made. Since they are untrue, why is this not defamatory and create a situation for Tom that needs correction. We have only discovered this situation recently (8/08). Should't this kind of declaration demand notice to the individual before it is published? This buyer (Kimon) has used erroneous figures. He received one of the highest sales price per square foot in the summer of 2004 for his 1007 square foot condo in Long Beach. Kimon then compares the sales price he received in 2004 to the sales price of another condo sold in the same building sold one year later (2005). That condo sold for $25,000 less than Kimon's condo that Tom sold for him although the 2005 condo "comp" was from the height of the real estate boom. Much higher prices were obtained a year after Kimon's condo was sold by Tom after numerous open houses and invitations to Brokers and prospects. (These condos were located at 5959 Naples Plaza).
Kimon declined to meet with Tom or broker-owner Larry about his comments of this situation. He sent several communications about the event, but dropped it when we requested a meeting to show the true situation and representation files. We declare this publication is fales, unfair, defamatory and was not mediated by Kimon. Are we not victims by this language if not proven true or false by a judge in our legal system? How can Kimon declare such false statements without support or approval? I thought we are innocent until proven guilty. Where is this?
Tom worked diligently inviting local brokers to market this condo. He held open houses and brokers open houses. He made sure the property was listed and marketed at the correct price to promote a faster sale. The condo list price was reduced several times to generate an offer to purchase. This was with permission of the seller Kimon and imput from local Realtors after the property did not generate any acceptable offers. Kimon was served honestly and ethically by Tom. Kimon purchased the condo for $168,000 and sold it for $475,000 with Tom as the listing agent for Kimon. There were no true comparable sales in the building when sold the property--the information used by Kimon was comparable sales of one sale a year later of the subject condo stated above. Tom is not a liar. He is not a dishonest or ripoff Realtor. Kimon hired Tom to purchase another home in Long Beach where Kimon continues to reside. Tom and I are shocked to find this dissatified customer complaining with all these incorrect statements. Tom has no other critical letters like this and is very unhappy with how this individual can get away with making these claims. Kimon needs to stop this and retract it. At least he needs to face us to show the facts as he believes and allow Tom to show him the true Realtor facts to change his mind. Larry, Broker-owner, LB Brokerage, Inc.