Complaint Review: Tom Tokunaga - LB BROKERAGE - Long Beach California

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

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.