In 2016 I had a listing in Long Beach. My managers Alftedo and Kirk (Bruce’s Son) urged me to sell to Mr. Mulhearn on the M.A.P Program. It’s a program where you find distressed properties fix them up and split the profit. Well after previewing the property he decided to purchase for $420k the properties in that area sell for $600k+. I was excited to participate too. My seller felt at ease since this was the broker. This should have been a 20 day cash offer. Mr Mulhearn even hand wrote a letter stating he would not cancel. After removing ALL contingencies, he cancelled. I was in shock to say the least. How can this happen? He mentioned he had another buyer, Guillermo S. (manager/agent) for Berkshire Hathaway. Hence Now this agent and Bruce will to take over the M.A.P program and indulge in the profits. Bruce said he will loan Guillermo the money to buy it. Usually the map agent will forfeit the selling side of their commission back into the pot for repairs. I was not only forced to give up my MAP program I had to give up my sales commission. My broker has taken Advantage of me and my seller knowing they needed this money for personal reasons I divulged to my broker I was forced to agree or he would cancel. Abuse of power is an understatement. Till this day Mr Mulhearn avoids talking to me the agent Guillermo won’t return my calls. I’m about to lose my house because I won’t pay me until the agent is finished fixing the house and it sells. I was told it would be 6 mos and it’s going on 2 years. Avoid this Broker at all costs. I can’t leave this office until I get my money.
18000 Studebaker Road California United States
Real Estate Services