EQUITY SAVER PLUS REALTY

From bad to worse. Needing to hire a new and competent broker who will bring tenants to the building, Theresa was asked to cancel her contract, due to her absolute negligence and incompetence. She refused. Further, she retaliated by entirely removing the listing from her website while stating she was still "performing her obligations to the the owners". She has not brought one tenant to the building since December 15th, which very much is her obligation. This, despite there being two interested and well qualified tenants who have directly inquired about leasing space. Other commercial brokers have voluntarily reported surprise that she has failed to bring prospects to the building because it is well known in the community that there are several candidates looking at the property. 

Her contract ends in June, 2012 and it seems clear that she is trying to harm the owners by doing nothing, by removing the listing from her website and by removing her contact info from Loopnet. When asked to change the rental rate (which is dictated by the property owner and certainly not an agent), she said she would only do so if her contract was extended AND her commission rate raised from the standard 6% to 8%. This is extortion and yet another fact to be reported to our attorneys and the commission. 

I am posting this so that others will know what they are getting into should they choose to work with Theresa Lobdell - in any capacity. It has been my experience and opinion that she is self-serving and unethical.