To fight or not to fight in real estate -- that is the question
Let’s face it: real estate can make you go crazy. The greedy seller, the cheap buyer, the deal-breaking attorney, the ridiculously conservative bank appraisal, the aggressive co-broking agent and even. . .the damn economy. They will all be out to get you at times. Wherever you go there is a fire to be put out. Even in your sleep. You can never rest and you can never really guarantee a successful outcome of anything real estate-related. You are constantly fighting and when you don't -- you are stuck in quicksand and can't move.
Sounds scary? Yes, it is to a lot of people. I've seen many promising agents get out of the business because of the uncertainty -- and friction -- of it all. It does get better with experience, but the fundamentals of real estate sales will not change: it's an erratic ride. You will fall to the ground a lot, and in the first couple of years it will be hard to pick yourself up (because no one else will) and dust yourself off. But you need to get back in the saddle again and start over. And over. And over. It sucks, it hurts, it can be humiliating and it can even cost you money. But you know what? It does slowly get better.
This episode is a good example of exactly this.
Don't ever fight in real estate? Did you really say that? What about throwing a drink all over someone? Would you say THAT is okay? Cuz that is what you did and I dare say you were angry when you did it. So I guess what you say in this blog is not what you do in real life. You talk the talk but not walk the walk.....try harder
While I agree with you on how you have to be strong in business, and you did give Luis suggestions and wanted to be a mentor to him, which he asked. He admitted you were extremely talented. What I don't like is how you chose to deliver the last bit of ""mentoring", you saw he set up his open house completely the way you would never do it, he is standing with potential clients either current or for future. You chose to humiliate him in front of others and on national TV. If those guys thought maybe not this deal, and they may possibly call Luis later, you made sure that doesn't happen. That does nothing for the self esteem of a collegue who came to you for suggestions, not a hand out, not a free ride, just to learn. Luis has his way, and sometimes it works, he has sold property, not as many as yours but that is ok it's why you were in a position to show him some tips he can use later. The thing would go for anyone watching the show. You humiliated him and you loved doing it, you showed slight remorse when your fiance said it, but you knew when you did it. Luis should have cashed that check, it was the least you could have done for how you mentored him. You do high kicks, Luis does music and latin flavor, personal preference and stye.And for the record, I would not have done what Luis did, ever but I would have let him know this at the appropiate time, lesson learned for him was the property was sold, he spent money and got a lesson, but he can take from it something positive.
you lost all credit with me when you purposely screwed Luis over on that apartment. That was so cheap and dirty...we were planning on contacting you when we moved out to Soho to help find us a beautiful new home...now we will most definitely not get in touch with you. Seeing what you are capable of to just make a buck by what you did to another hard working human being showed your character...or lack thereof....He came to you for help and to mentor him...shame on you Frederick...
I really like you this season, Fredrik, a huge improvement over last year. We've now gotten to see the silly, funny, weird side of you. I enjoy watching you in your element, you're an excellent realtor and businessman and anyone in sales or service can learn a lot from you. Yes, you still can be somewhat condescending BUT not nearly as arrogant and snobbish as before. Thanks for bring on the laughs.
Fredrik I love your style, I operate my mortgage company in the same manner in which you sell your real estate, very power driven
Fredrik is hilarious! Luis, you should have taken the check and walked away. Instead you ended up wearing a green drink. Awesome!
You should have informed Luis that there was a contract.
Luis should have taken your advice (particularly since he approached you about mentoring him) and held the open house during the day when the sun was shine. He should never have fog machines, since the fog interferes with the view of the amenities.
dietschon No, an offer is not concrete. Just look at Ryan and his Russian. The contract had not been signed. Fredrik was right to allow Luis to proceed. But Luis is a huge disappointment.
Fredrik. I love to watch you on the show. You make it so much fun. Ryan is ok, except that he thinks he is all that. As for Luis all I have to say is potty mouth. Makes me sick.
Fredrik!! I absolutely adore you. You are the only reason I watch this show. Being in sales myself I realize how nice of you it was to work with Luis. You gave Luis a phenomenal opportunity to be mentored by you and he really, really blew it. He didn't listen to a word you said, did what he wanted with the open house etc. And I don't feel that he wasted $5000...perhaps if had listened to you then maybe he would have gotten a full price offer too. Even though there was already an offer on the table had Luis gotten the same offer or a better offer the open house would have been worth it right? I have no idea how people on here could say you are disgraceful. What gain was there in you taking your time to help Luis? I really feel that you were being quite selfless. I guess no deed goes unpunished. Keep up the good work Fredrik!
That was disgraceful that you let Luis go through with the open house and spend $5K when you knew there was a contract already in place. You should have let him know it was sold and given him the option to cancel it.
He wasn't asked to spend 5K which is peanuts and the contract had not been signed so it means nothing. Looking at the state of it I'm sure he would have prefered it was cancelled.
You're a force to be reckoned with. But yeah...you're weird and almost disturbingly so. Maybe it's all theatrics as someone suggested. Or cultural/language differences.
Yes, you may be a top-selling broker in NY; yes, you may be the richest broker of the bunch, but when all is said and done, you are a total a--hole. That "over-the-top acting" you do weekly is annoying to say the least. You look like a complete jerk on camera. Knock off the theatrics and start acting like the grown-up you are supposed to be.
MeanDonnaJean "Knock off the theatrics"? This is TV remember??? If you don't like seeing him turn the channel. He's hysterical and adds much needed humor to this franchise. Get over yourself it's on theatrical TV.
Let me tell you , the whole package of you is highly entertaining . Is your life but is just a TV show for the rest of us. Keep it up .
Brokers that will never get a chance to get direction from you know Luis screwed up. Luis wanted a show-down -- young and impetuous.
You may have thought you were talking about real estate agents, but your explanation of service is in line with every person who is in a position to serve others. Hopefully you'll write a book on that to help others -- not just real estate agents. (Something Luis badly needs to read about).
I used to like you but I feel like you treat others poorly. You are rude and condesending. You are starting to make me like Ryan. I think you know you were wrong and that is why you spent so much time explaining yourself in this blog.
Fredrick- your defensive blog holds no emotion. I would love to see some emotion from you instead of the robotic responses always.
Fredrik I love you!! You are the only reason to watch that show. You know your stuff and you're a little crazy..lol Don't change a thing!!
Personally, I would take it one step further and not be rude to other brokers, either....they also can help you in some circumstances.
Fredrik, I usually like you, but I was really disappointed in the condescending way in which you treated Luis. Yes, Luis did not follow your instructions, but you not informing Luis about the contract was completely unethical considering he was the co-listing agent. A simple email or phone call was too much for you to handle? You humiliated him when he came to you with the $2.5m offer when you revealed there was a contract out. Then in one of your interviews, you said you don't need him. Well, if you don't need him, why did you agree to a co-listing? Next time, it might be better just to shut the door in the face of the next young, starry-eyed agent who comes to you looking for advice and mentoring rather than be this two-faced and backstabbing. At the beginning of the season when I saw the previews, I could not think of why Luis would be so angry at you in that fight scene, but now I realize why, and I think he's justified. Now I'm also starting to realize why Ryan said on WWHL that you were mean to him (after you complained that he was mean to you): it just might be that hint of condescension you have when interacting with other agents.
This is why you are the BEAST Fredrik....WELL SAID....Luis will learn...but in the meantime...KEEP SHOWING THESE YOUNG ONES HOW ITS DONE...TEAM FREDRIK
Fredrik, I love watching you every week. You are so GREAT at what you do!!! Do you ever vacation in Southern California?? If you & your man ever make it down to the Palm Springs area, I will buy you guys a drink!!!
You were very kind to offer Luis your time and experience. I also feel that you handled him accordingly. This is New York City business and he has hopefully learned from you a valuable lesson.
I am on your side Fredrik. Luis is still learning, and he has a long way to go. The 2.5 million was a joke. Luis' gimmick approach is not effective. Licking bricks?
You are one of the best out there.
Actually, you shouldn't have been dealing with Luis at all. When he pulled that extremely unethical trick of photoshopping to make an apartment look better, he should have been fired, and kicked off the show. I refuse to watch any segment in which he is featured now.
For the record, many brokers in NYC enhance their listings. It's completely acceptable and permissible provided the enhanced photos include the words "Virtually Staged."
"Enhance their listings"???!!! Think of the people who take time off work or from their lives to look at an apartment that is nothing like the one in the "enhanced" photos. Many brokers may do it, but that still makes them unethical brokers.
Could you have told Luis about the contract? Sure, but I don't blame you for not doing so. You were smart about it, as you mentioned, going under contract doesn't guarantee anything. You were beyond kind to let Luis go through with the open house. Don't people understand what a big deal giving Luis this co-listing was? One which you didn't have to do, but CHOSE to give. Luis struck gold! You had absolutely nothing to gain by giving Luis this opportunity, but Luis sure had a lot to gain. I think you're a great business man and handled perfectly fine given the circumstances.
you are preaching here that you are a servant to a customer. Yet, you treated a customer at Luis open house with brutality. You disobeyed your own rules?
Fredrik was speaking to that potential 'buyer's' broker who came in the front door already with a preconceived notion of the property not worth anything near the asking price and insulting the seller and his broker- - weather it be Luis or Fredrick. He was the one being condescending and made his client look foolish not the other way around. If I was a buyer and that guy was my realtor his ass would've been fired.
taniasveta No, that was Luis customer. And Luis was Fredrik's student.
And the offer was insulting. Plus if I remember correctly, Fredrik was not rude to that buyer. Just to the buyer's agent.
Fredrik, You're a snob but I love you. You were unethical with Louis and you mislead him but why kick a weaker man? You don't have to prove anything to him, or us. But play fair. You didn't last night.
Yes, snobby but Luis was kinda sneaky by not letting Fredrik in his plans for a smokey party instead of what was discussed (day time only showings).
Great post! Very positive and your comments do apply across many businesses. Unfortunately with Luis I don't think he has learned anything from what he set out to do in fact, he seems to be under the impression that he was wronged and still trying to prove that his method would have worked if he was given the chance. Well, common sense tells me that the guy still doesn't seem to get that this listing was never his in the first place, therefore, he should have asked whether it was ok to do the crazy open house (which I'm sure would have been a no). Enough said.
Fredrik, i do like you and I do like Luis. But the way you went about the 50 lispenard deal was wrong. he came to you asking for advice and help. you should have told him right away when you sold the unit. that way he could have approached interested buyers and told them that there is an offer for whatever amount and they could decide if they wanted to bid above it. coming in and saying its already been sold in front of interested buyers makes you look slimy and like you had to have the upper hand/control. that was not necessary. you went in together already having the upper hand and putting someone else down in front of others only makes you look small and shows you are underhanded and not professional.
Fredrik, You did the right thing. Luis is too full of himself. You are for the client period.
Sure...He can learn plenty if he manages to come through the wormhole. Translation: Under Fredrik's brand of tutelage, what doesn't kill Luis will make him stronger.