Hostage Negotiation Approach Quiz: <a href="https://www.youtube.com/watch?v=W-EHzNwyxfQ">https://www.youtube.com/watch?v=W-EHzNwyxfQ</a>

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Questions and Answers

Who is the host of the BiggerPockets podcast in Show 260?

  • Scott Trench (correct)
  • A plant
  • Brandon Turner
  • Chewbacca

What is the main focus of the BiggerPockets podcast mentioned in the text?

  • Cooking recipes
  • Horticulture
  • Real estate investing (correct)
  • Fitness routines

What do one to two-thirds of people running across typically want?

  • To be ignored
  • To sign a contract
  • To be heard (correct)
  • A financial deal

What does Brandon have behind him in his office?

<p>Chewbacca with a surfboard painting (D)</p> Signup and view all the answers

What does Brandon jokingly say Scott is missing in his office?

<p>A plant (D)</p> Signup and view all the answers

What is the podcast host's response when asked if he has a plant?

<p>&quot;There's probably one somewhere here.&quot; (D)</p> Signup and view all the answers

What is the main topic of the podcast mentioned in the text?

<p>Negotiation strategies (A)</p> Signup and view all the answers

What does Scott recommend doing in three conversations as a Quick Tip?

<p>Mirroring the other person's last words (A)</p> Signup and view all the answers

Why does Brandon mention a mock negotiation with Chris Voss?

<p>To sell a rental property (D)</p> Signup and view all the answers

What is the name of the book that Chris Voss authored?

<p>Never Split the Difference (D)</p> Signup and view all the answers

What does mirroring involve in a conversation?

<p>Repeating the exact same words spoken by the other person (A)</p> Signup and view all the answers

Why is Scott excited about the show in the text?

<p>Because it features practical negotiation tips (A)</p> Signup and view all the answers

What analogy does Brandon use to describe his negotiation skills?

<p>'Like hitting a wave and going brrrr' (C)</p> Signup and view all the answers

Why does Brandon emphasize the importance of negotiation in real estate?

<p>To improve business outcomes (D)</p> Signup and view all the answers

How does Chris Voss contribute to the podcast according to Scott?

<p>By providing clear philosophy explanations (B)</p> Signup and view all the answers

What is one key benefit of mirroring in a conversation based on the Quick Tip provided?

<p>It helps spark further conversation from the other party (C)</p> Signup and view all the answers

What led Chris Voss to pursue a career as a hostage negotiator?

<p>His interest in crisis response. (B)</p> Signup and view all the answers

In what city was Chris Voss working as a full-time FBI investigator before becoming a hostage negotiator?

<p>New York City (B)</p> Signup and view all the answers

What unique event did Chris Voss stumble into during his time on the hostage negotiation team in New York?

<p>A bank robbery with hostages (D)</p> Signup and view all the answers

Why did Chris Voss end up running all the international kidnapping responses?

<p>His promotion to a full-time hostage negotiator position. (C)</p> Signup and view all the answers

Who structured the book written by Chris Voss and is lauded for making it incredibly readable?

<p>Tull Rahz (D)</p> Signup and view all the answers

What type of negotiation tactic used by the bank robber in Brooklyn is likened to tactics used by great CEOs?

<p>&quot;Acting powerless&quot; (B)</p> Signup and view all the answers

What aspect of Tull Rahz's previous work influenced Chris Voss to collaborate with him on the book?

<p>The readability of his other book, Never Eat Alone. (A)</p> Signup and view all the answers

Which city is known for having a high likelihood of real-life negotiations during bank robberies according to the text?

<p>New York City (D)</p> Signup and view all the answers

What did Chris Voss describe as "the ultimate book on networking"?

<p><em>Never Eat Alone</em> (A)</p> Signup and view all the answers

What technique did Chris use to get the bank robber to reveal information about the getaway driver?

<p>Mirroring the robber's speech (D)</p> Signup and view all the answers

Why did the bank robber keep referring to 'these other guys' and expressing fear?

<p>He was trying to divert attention from himself as the main decision-maker (C)</p> Signup and view all the answers

What does Brandon admit to doing in his own real estate deals?

<p>He deflects decision-making by referring to others like his wife or partners (C)</p> Signup and view all the answers

Why did Chris find Brandon's approach of referring decisions to others a 'smart move'?

<p>It bought Brandon time for decision-making (D)</p> Signup and view all the answers

How did Brandon react when Chris mirrored his speech?

<p>He felt understood and more cooperative (B)</p> Signup and view all the answers

Why did the negotiators want the bank robber to feel like he was in control during their conversation?

<p>To make him reveal information spontaneously (A)</p> Signup and view all the answers

What did Chris mean by saying 'vomiting of information' during negotiations?

<p>Giving away too much information quickly (C)</p> Signup and view all the answers

'Your late night FM DJ voice' was mentioned as a technique for doing what during negotiations?

<p>Making the other party feel relaxed and less guarded (B)</p> Signup and view all the answers

What does Brandon mean when he says, 'She really is the one that makes the decision'?

<p>He attributes decision-making power to his wife (D)</p> Signup and view all the answers

What career did Chris have prior to being an FBI hostage negotiator?

<p>Janitor (D)</p> Signup and view all the answers

How did the first chapter of the book motivate Brandon to improve his negotiation skills?

<p>By providing practical tips to enhance negotiation skills (A)</p> Signup and view all the answers

What advice did Chris give about improving negotiation skills?

<p>Practice in everyday interactions to achieve big results in big deals (D)</p> Signup and view all the answers

What experience did Scott mention about using negotiation principles?

<p>Applying principles at work and in day-to-day life (D)</p> Signup and view all the answers

What was unique about Chris's role as an FBI lead international kidnapping negotiator?

<p>He needed to be prepared to travel anywhere within four hours (D)</p> Signup and view all the answers

How did Chris start mobilizing a response upon hearing about a kidnapping?

<p>By starting to work from Washington, D.C. and coordinating from there (C)</p> Signup and view all the answers

What was significant about Chris's role as an FBI hostage negotiator?

<p>He was involved in responding to kidnappings worldwide (A)</p> Signup and view all the answers

What motivated Brandon to improve his negotiation skills?

<p>The realization that he needed to enhance his abilities (C)</p> Signup and view all the answers

What important principle did Chris emphasize for achieving big results in negotiations?

<p>Practice in low stakes interactions for high stakes results (C)</p> Signup and view all the answers

What was Scott able to do after reading Chris's book?

<p>Apply some negotiation principles in his daily work and life (D)</p> Signup and view all the answers

How does hearing the other side out affect negotiation?

<p>It accelerates the negotiation process (D)</p> Signup and view all the answers

What impact does feeling respected, heard, and appreciated have on the negotiation process?

<p>It reduces resistance and encourages concession (A)</p> Signup and view all the answers

How does the text suggest negotiating strategically by understanding the other side's must-haves and giveaways?

<p>By mirroring the other side's actions (D)</p> Signup and view all the answers

What is highlighted as a key strategy for gaining leverage in negotiations?

<p>Mirroring and listening to the other side (C)</p> Signup and view all the answers

Why does the text mention that sometimes counterparts accidentally offer valuable items?

<p>Because they underestimate the value to the other party (A)</p> Signup and view all the answers

In negotiations, what does the text suggest is an effective approach for achieving one's objectives?

<p>Listening, mirroring, and making strategic concessions (B)</p> Signup and view all the answers

What does the speaker imply when they say 'You’re not going to make a deal that sticks outside a rapport'?

<p>Building rapport is essential for successful negotiations. (B)</p> Signup and view all the answers

What did the speaker do to keep the other party's guard down?

<p>Used their voice strategically (C)</p> Signup and view all the answers

What led to the second guy on the phone being in crisis during the negotiation?

<p>He was trapped in a bank during a potential robbery. (B)</p> Signup and view all the answers

What technique did the speaker use to gain the trust of the person stuck in the bank?

<p>Employing a late night FM DJ voice (C)</p> Signup and view all the answers

What skill does the speaker mention as critical in negotiations, despite many thinking it's basic?

<p>Listening (D)</p> Signup and view all the answers

What is the difference between typical business negotiations and hostage negotiations?

<p>Hostage negotiations involve less yelling and calmer discussions. (A)</p> Signup and view all the answers

What does the speaker describe as 'the delay to save time' in negotiations?

<p>Relaxing into negotiations to speed up the process (A)</p> Signup and view all the answers

What was the first private sector negotiation experience Chris Voss had after transitioning from hostage negotiation?

<p>Negotiating his way into Harvard Law School’s negotiation course (B)</p> Signup and view all the answers

How did Chris Voss apply his hostage negotiation skills in the business world?

<p>By teaching negotiation skills to MBA students (A)</p> Signup and view all the answers

What was the key requirement for students attending Chris Voss' MBA program at Georgetown University?

<p>Being employed in day jobs while pursuing their MBA at night (A)</p> Signup and view all the answers

What advice does Chris Voss give to individuals who dislike negotiating?

<p>Getting over the aversion to negotiating is the first step to mastering it (A)</p> Signup and view all the answers

What did Chris Voss aim to change about traditional negotiation approaches?

<p>Move away from win-lose outcomes and conflict (A)</p> Signup and view all the answers

What did Chris Voss emphasize about the nature of negotiation across different cultures?

<p>Negotiation is a universal human nature problem (A)</p> Signup and view all the answers

What was Chris Voss's mission regarding negotiation worldwide?

<p>To rethink negotiation around the world (C)</p> Signup and view all the answers

Why did Chris Voss want to move away from the 'win-lose' approach in negotiations?

<p>To address people's aversion to conflict and fear of losing in negotiations (A)</p> Signup and view all the answers

What strategy does Chris Voss advocate for individuals who avoid negotiating due to fear and aversion?

<p>Overcoming the fear and aversion for successful negotiation outcomes (D)</p> Signup and view all the answers

How does Chris Voss view the role of negotiation skills across different cultural backgrounds?

<p>As a universal challenge present regardless of cultural differences (C)</p> Signup and view all the answers

What is the podcast host's view on negotiation according to the text?

<p>Negotiation should focus on making both sides happy (B)</p> Signup and view all the answers

Why does the podcast host disagree with Kevin O'Leary's negotiation approach?

<p>Because Kevin prioritizes leaving all sides unhappy at the end (B)</p> Signup and view all the answers

What does the podcast host suggest as an effective strategy for negotiations?

<p>Listening and ensuring the other side feels heard (A)</p> Signup and view all the answers

What is a key element in successful negotiations?

<p>Seeking first to understand before being understood (D)</p> Signup and view all the answers

What is the negative consequence of leaving all parties unhappy after a negotiation?

<p>Getting stuck in a vicious circle of dislike for negotiations (A)</p> Signup and view all the answers

How does the podcast host suggest handling compromises during negotiations?

<p>Eliminating compromises by ensuring the other side feels heard (B)</p> Signup and view all the answers

What does the podcast host consider a satisfying aspect for many people during negotiations?

<p>'Being heard' regardless of the negotiation outcome (A)</p> Signup and view all the answers

What is a potential disadvantage of focusing solely on winning in a negotiation?

<p>Repeating cycles of unhappiness in negotiations (D)</p> Signup and view all the answers

What does the podcast host believe is essential before trying to make oneself understood during negotiations?

<p>Seeking first to understand the other party's perspective (A)</p> Signup and view all the answers

In the text, what tactic does Stephen Covey emphasize for better negotiation outcomes?

<p>Seeking first to understand before expecting understanding (A)</p> Signup and view all the answers

What does Chris Voss emphasize in negotiation that differs from the traditional approach?

<p>Building rapport continuously (D)</p> Signup and view all the answers

According to Chris Voss, what is a key aspect for many individuals during negotiations?

<p>Knowing that they were heard (C)</p> Signup and view all the answers

Why does Chris Voss suggest going back to rapport building when the other party gets mad during a negotiation?

<p>Because it's unpleasant to make the other party mad (C)</p> Signup and view all the answers

What does Scott inquire about regarding negotiations to ensure a win-win outcome?

<p>Creating a situation where everyone walks away happy (C)</p> Signup and view all the answers

What does Chris highlight as an essential aspect for successful negotiations in terms of listening?

<p>Listening to ensure the other side feels heard (C)</p> Signup and view all the answers

In what way does Chris Voss suggest approaching negotiations based on the text?

<p>Aim for a win-win scenario where everyone is satisfied (A)</p> Signup and view all the answers

What advice does Chris Voss give regarding negotiation according to the text?

<p>Seek first to understand, then be understood (D)</p> Signup and view all the answers

Why does Chris Voss suggest letting the other side feel like they have control in negotiations?

<p>To build trust and rapport (B)</p> Signup and view all the answers

What does Chris Voss recommend as a powerful phrase during negotiations?

<p>'How am I supposed to do that?' (A)</p> Signup and view all the answers

In negotiations, what does Chris Voss claim is the key to making a successful deal?

<p>Getting the other side to feel respected, heard, and appreciated (A)</p> Signup and view all the answers

What is the significance of giving the other side the illusion of control in negotiations?

<p>To foster collaboration and agreement (C)</p> Signup and view all the answers

Why does Chris Voss advocate for respecting, hearing, and appreciating the other party in negotiations?

<p>To build rapport and increase cooperation (D)</p> Signup and view all the answers

What does Chris Voss suggest as a powerful approach to negotiation?

<p>'Seek first to understand, then be understood' (C)</p> Signup and view all the answers

What is one major benefit of letting the other side feel respected, heard, and appreciated according to the text?

<p>It accelerates the negotiation process (D)</p> Signup and view all the answers

'How am I supposed to do that?' is recommended by Chris Voss for which purpose in negotiations?

<p>'How am I supposed to do that?' can be used for building great deals or saying no (A)</p> Signup and view all the answers

'Seek first to understand, then be understood' is an approach advocated by Chris Voss primarily for what purpose?

<p>Building trust and rapport with the other party (A)</p> Signup and view all the answers

In negotiation, why does Chris recommend making the other side feel powerful and in control?

<p>To make them feel valued and respected. (C)</p> Signup and view all the answers

What does Brandon mean by using a 'late-night FM DJ voice' during negotiations?

<p>Speaking softly and respectfully. (A)</p> Signup and view all the answers

How does the text suggest showing deference in negotiation?

<p>Using a tone of voice that conveys respect and humility. (B)</p> Signup and view all the answers

What is the primary purpose of asking, 'How am I supposed to do that?' in a negotiation context?

<p>To let the other party feel in control of the situation. (D)</p> Signup and view all the answers

Why does Chris advise against agreeing too quickly to a deal in a negotiation?

<p>To prevent the other party from feeling like they could have gotten more. (C)</p> Signup and view all the answers

What effect does deference have on the negotiation process?

<p>It improves rapport and communication. (C)</p> Signup and view all the answers

How does mirroring in a conversation help in negotiation?

<p>It aids in building rapport and trust with the other party. (C)</p> Signup and view all the answers

What is the benefit of letting the other party feel like they have control in a negotiation?

<p>To help build rapport and trust. (A)</p> Signup and view all the answers

Why is it important to avoid agreeing too quickly in a negotiation?

<p>To prevent the other party from feeling they could have negotiated better terms. (C)</p> Signup and view all the answers

How does using a deferential tone contribute to successful negotiations?

<p>It fosters trust and cooperation between negotiators. (D)</p> Signup and view all the answers

Why did Brandon intentionally delay responding to an offer on a property he was selling?

<p>To consider other full-price offers that might come in (D)</p> Signup and view all the answers

What emotional factor does Chris Voss emphasize as crucial in real estate deals?

<p>Fear of losing out on a better deal (B)</p> Signup and view all the answers

Why does Chris Voss mention that real estate deals can go sideways after opening escrow?

<p>Because of emotional issues affecting the transaction (D)</p> Signup and view all the answers

Why does Chris Voss suggest that agreements are just the beginning of a real estate deal?

<p>Because emotional reasons can cause deals to fail post-agreement (D)</p> Signup and view all the answers

In Brandon's real estate experience, why do many deals tend to fall through despite being put under contract?

<p>Emotional factors cause a substantial number of deals to collapse (B)</p> Signup and view all the answers

Why does Chris Voss humorously suggest that real estate professionals should volunteer on a suicide hotline?

<p>To understand critical emotional aspects of communication (D)</p> Signup and view all the answers

How did Brandon's decision to delay responding to an offer influence the buyers' perception?

<p>It gave them confidence that they secured the best deal (A)</p> Signup and view all the answers

What does Chris Voss imply about delayed responses in negotiations based on Brandon's strategy?

<p>They allow time for second thoughts and reconsideration of offers (D)</p> Signup and view all the answers

What does Brandon imply about negotiations based on his interaction with potential buyers?

<p>Negotiation is more about perception and emotion than price. (B)</p> Signup and view all the answers

What skill does Chris Voss identify as crucial in negotiations, even though some may consider it basic?

<p>Empathy (D)</p> Signup and view all the answers

What negotiation system did Chris Voss start using in business negotiations?

<p>The Ackerman system (B)</p> Signup and view all the answers

In negotiations, what does 'anchoring' refer to?

<p>Starting with an extreme outside of the expected range (D)</p> Signup and view all the answers

What is a common practice associated with negotiation anchoring?

<p>High anchoring followed by compromise to meet in the middle (D)</p> Signup and view all the answers

Why do sharks in negotiations typically high anchor?

<p>To end up on the number they wanted all along (A)</p> Signup and view all the answers

What does Chris Voss recommend as the initial offer percentage in negotiations?

<p>65% (A)</p> Signup and view all the answers

What is the key strategy for incremental increases during negotiation according to Chris Voss?

<p>Increasing by 20%, 10%, and 5% successively (B)</p> Signup and view all the answers

What is the purpose of making decreasing increments in each negotiation raise?

<p>To avoid shocking the other party (A)</p> Signup and view all the answers

'Everybody has a plan until you get hit' implies that:

<p>'Plans change when faced with unexpected situations' (D)</p> Signup and view all the answers

'Beware the guy who offers to meet you in the middle because he’s offering a poor judge of distance' suggests that:

<p>'Compromising too early can lead to disadvantage' (C)</p> Signup and view all the answers

What psychological aspect is Howard Raiffa known for in negotiations?

<p>Analysis of business and numbers (A)</p> Signup and view all the answers

What is the purpose of using odd-numbered pricing in negotiations according to the text?

<p>To manipulate the other party into thinking they are getting a good deal (B)</p> Signup and view all the answers

In negotiations, why does it matter to put in 'a massive amount of tactical empathy between each offer'?

<p>To ensure the other party feels like they are working towards a good deal (A)</p> Signup and view all the answers

What approach do top negotiators like Carl Icahn and Warren Buffett take when it comes to naming the price first?

<p>They prefer not to name the price first and let the other party go first (D)</p> Signup and view all the answers

Why does Chris Voss suggest being willing to take 'a punch in the nose' in negotiations?

<p>To be able to handle unexpected high anchor prices (D)</p> Signup and view all the answers

How do top negotiators differ from average negotiators when it comes to naming the price first?

<p>Top negotiators avoid naming the price first to gather information (C)</p> Signup and view all the answers

Why is it important to practice how you would react to a high anchor price during negotiations?

<p>To avoid getting surprised and losing control during negotiations (C)</p> Signup and view all the answers

'What do you want to spend?' and 'What do you want to pay?' are examples of:

<p>'Calibrated questions' in negotiation (D)</p> Signup and view all the answers

How does odd-numbered pricing contribute to negotiation outcomes?

<p>It helps establish a fair price both parties can agree on (B)</p> Signup and view all the answers

How does naming a price first potentially limit a negotiator's position?

<p>It makes it easier for the other party to offer a lower amount. (A)</p> Signup and view all the answers

What does Chris Voss consider 'the single greatest hack in the world'?

<p>Getting the other party to say 'yes' before discussing details (B)</p> Signup and view all the answers

What does Chris Voss emphasize as detrimental to relationships, deals, and collaboration?

<p>Agreeing with the other person's viewpoint (B)</p> Signup and view all the answers

Why does Chris Voss mention that saying 'you're right' can get someone to leave you alone?

<p>It signifies agreement with the other person's nagging behavior (C)</p> Signup and view all the answers

How does Chris Voss describe the frequent users of the phrase 'you're right'?

<p>Husbands (B)</p> Signup and view all the answers

Why does Chris Voss suggest that husbands are not the only ones using the tactic of saying 'you're right'?

<p>Because they prioritize preserving relationships (C)</p> Signup and view all the answers

What behavior does Chris Voss attribute as common among individuals who manage to get others to 'shut up and go away'?

<p>'You're right' response (B)</p> Signup and view all the answers

Why does Chris Voss suggest that saying 'yes' during negotiations can create anxiety?

<p>It makes the negotiator feel out of control. (A)</p> Signup and view all the answers

What does Chris Voss suggest is a benefit of intentionally getting someone to say 'no' during negotiations?

<p>It allows the negotiator to maintain a feeling of protection. (A)</p> Signup and view all the answers

Why does Chris Voss suggest that 'no' can be more powerful than 'yes' in negotiations?

<p>'No' allows for clear boundaries to be set. (C)</p> Signup and view all the answers

Why does Chris Voss mention that getting someone to say 'no' can lead to multiple follow-on 'yeses'?

<p>It allows for strategic negotiation tactics. (D)</p> Signup and view all the answers

What does Chris Voss imply about the act of saying 'yes' during a negotiation?

<p>'Yes' communicates weakness and vulnerability. (C)</p> Signup and view all the answers

What does Chris Voss consider as a protective aspect of saying 'no' during negotiations?

<p>'No' establishes authority and control. (D)</p> Signup and view all the answers

How does Chris Voss suggest intentionally getting someone to say 'no' can impact the negotiation process?

<p>It opens up opportunities for further negotiation and agreement. (C)</p> Signup and view all the answers

What does Chris Voss mean when he says a 'good, solid, strategic no is worth five yeses'?

<p>A strategic 'no' can pave the way for better negotiation outcomes. (D)</p> Signup and view all the answers

How does Chris Voss view the role of saying 'yes' in negotiations compared to saying 'no'?

<p>Saying 'yes' triggers anxiety and uncertainty in negotiations. (D)</p> Signup and view all the answers

In what way does Chris Voss believe that intentionally getting someone to say 'no' provides protection?

<p>It sets clear boundaries while maintaining strategic advantage. (B)</p> Signup and view all the answers

What does Chris refer to as a label in negotiations?

<p>A word that triggers contemplation (C)</p> Signup and view all the answers

Why does Chris avoid using the word 'I' while employing labels?

<p>To shift the focus on the other person (C)</p> Signup and view all the answers

Which skill does Chris describe as the most powerful negotiation skill?

<p>Labeling (C)</p> Signup and view all the answers

What emotional impact does using the word 'I' have during negotiations?

<p>Centers the focus on oneself (A)</p> Signup and view all the answers

How does Chris describe the impact of an analyst mode during negotiations?

<p>Guarded and eager to demonstrate intelligence (A)</p> Signup and view all the answers

What is the main reason Chris shifts to using labels during conversations with individuals in analyst mode?

<p>To bypass defenses and trigger responses (C)</p> Signup and view all the answers

Why does Chris consider emotional labeling as a crucial skill?

<p>To bypass mental defenses and trigger contemplation (D)</p> Signup and view all the answers

What is the primary objective of using labels according to Chris?

<p>To trigger contemplation in the other person without raising their guard (A)</p> Signup and view all the answers

'You're the expert' is mentioned as a phrase used by individuals in analyst mode to:

<p>'Flatter' the speaker into revealing information (B)</p> Signup and view all the answers

What change does Brandon propose for the Fire Round on the show?

<p>Incorporating a mock negotiation on real estate (D)</p> Signup and view all the answers

Why does Brandon mention having a problem with a property he kept as a rental?

<p>He dislikes being a landlord (B)</p> Signup and view all the answers

How does Chris respond when Brandon mentions wanting to sell his rental property?

<p>Asks about Brandon's plans for the property (D)</p> Signup and view all the answers

What leads Brandon to contact Chris in the conversation?

<p>Seeing Chris's banner offering to buy properties (D)</p> Signup and view all the answers

What is the initial reason Brandon gives for wanting to sell his property to Chris?

<p>Having heard that Chris buys properties (A)</p> Signup and view all the answers

Why does Scott choose not to participate in the negotiation initially?

<p>Leaving it to Brandon and Chris to handle (C)</p> Signup and view all the answers

What aspect of negotiation does Chris Voss emphasize as crucial for preventing deals from going sideways?

<p>Feeling respected and appreciated (D)</p> Signup and view all the answers

What tactic did Chris use during negotiations to gather information without revealing much about his own position?

<p>Avoid sharing information (A)</p> Signup and view all the answers

What does Chris Voss recommend as essential to shorten the emotional distance between parties during negotiations?

<p>Expressing empathy and understanding (D)</p> Signup and view all the answers

Which factor does Chris Voss believe can significantly impact the negotiation process based on body language and tone of voice?

<p>Emotional intelligence (D)</p> Signup and view all the answers

What dual approach does Chris Voss mention he uses during negotiations that involve both listening and appreciating while also being strategic?

<p>Missionary and mercenary sides (A)</p> Signup and view all the answers

What does Chris Voss highlight as a critical factor in determining whether a negotiation may go sideways or proceed smoothly?

<p>Respectful treatment (B)</p> Signup and view all the answers

In what way does Chris Voss suggest that the tone of voice during negotiations can affect the rapport between parties?

<p>'Killing' rapport by showing disrespect (C)</p> Signup and view all the answers

What key aspect does Chris Voss mention affects how individuals react to conversation during negotiations?

<p>'Proof of life' of the deal (A)</p> Signup and view all the answers

'What all that does, of course—first of all, I’m not faking ...'

<p>Empathy and respect (B)</p> Signup and view all the answers

What does Scott point out as a notable element affecting negotiations based on observing Chris and Brandon's interactions?

<p>The impact of body language (A)</p> Signup and view all the answers

What made Brandon consider selling his three-bedroom house in a marginal area?

<p>He was inspired by a book on real estate investing. (B)</p> Signup and view all the answers

What reason did Brandon give for choosing to work directly with a buyer rather than through a real estate agent?

<p>To avoid paying high commission fees. (A)</p> Signup and view all the answers

Why did Chris mention that his offer for Brandon's property would be lower than expected?

<p>Chris had budget constraints. (B)</p> Signup and view all the answers

How did Chris react to Brandon's frustration and desire to sell the property quickly?

<p>He offered to buy the property but at a lower price. (A)</p> Signup and view all the answers

What did Brandon see on the highway that prompted him to contact Chris?

<p>A 'For Sale' sign by Chris. (C)</p> Signup and view all the answers

Why did Chris express reluctance in offering a high price for Brandon's property?

<p>'I've got some constraints.' (A)</p> Signup and view all the answers

What motivated Brandon to consider selling his property despite potential low offers?

<p>'I would love to put it behind me.' (B)</p> Signup and view all the answers

'Because I’ve got some constraints.' implies that Chris:

<p>'Has limited resources.' (D)</p> Signup and view all the answers

What does Brandon believe about the real value of his house compared to what real estate agents say?

<p>It is overpriced according to real estate agents. (C)</p> Signup and view all the answers

What was Chris's primary concern when considering purchasing Brandon's property?

<p>The potential need for extensive repairs. (A)</p> Signup and view all the answers

What danger does Chris Voss point out in interactions where people are pumping for information?

<p>The danger of revealing too much information and being taken advantage of (B)</p> Signup and view all the answers

What strategy does Chris Voss believe in, as opposed to 'always be closing'?

<p>Always be gathering information and always be qualifying (C)</p> Signup and view all the answers

According to Chris, what is the danger of focusing solely on 'always be closing'?

<p>Revealing too much information to the other party (C)</p> Signup and view all the answers

What does Chris Voss caution about individuals who are just pumping for information?

<p>They might not be genuine prospects (D)</p> Signup and view all the answers

What common scenario does Brandon mention experiencing when he sends out direct-mail letters?

<p>Getting phone calls from people seeking advice without intending to make a deal (C)</p> Signup and view all the answers

What does Chris Voss suggest is a danger when individuals are 'in lusting for closing'?

<p>Giving away valuable information too easily (C)</p> Signup and view all the answers

According to Chris Voss, what negative outcome can occur if someone is focused on 'always be closing'?

<p>'Pumping' for information may lead to exploitation (B)</p> Signup and view all the answers

'Always be gathering information and always be qualifying' is seen by Chris Voss as an approach that leads to what outcome?

<p>'Closing' genuine prospects effectively (D)</p> Signup and view all the answers

'Always be gathering information and always be qualifying' as advocated by Chris Voss helps in distinguishing between what in negotiations?

<p>'Qualified' and 'unqualified' prospects (D)</p> Signup and view all the answers

'In lusting for closing,' what mistake does Chris Voss caution individuals against making?

<p>'Giving all the information that he wants' (C)</p> Signup and view all the answers

What is the main goal of podcasts, according to the text?

<p>To help listeners improve their negotiation skills (C)</p> Signup and view all the answers

How does Brandon humorously try to negotiate with Scott for his shirt?

<p>Offering to trade a signed book for the shirt (B)</p> Signup and view all the answers

What trouble did Scott face when trying to sign up for Chris Voss's newsletter?

<p>He had difficulty texting the requested code (A)</p> Signup and view all the answers

What is suggested as an alternative way for individuals struggling to sign up for Chris Voss's newsletter?

<p>Googling 'Chris Voss Newsletter' for assistance (C)</p> Signup and view all the answers

What did Scott request from Brandon in exchange for his shirt?

<p>Two or three signed copies of Brandon's book (B)</p> Signup and view all the answers

How does Brandon respond when Scott accuses him of negotiating for the shirt off his back?

<p>'I don't want everything, just the shirt' (C)</p> Signup and view all the answers

What aspect of mindset does Chris Voss emphasize for success in negotiations?

<p>Optimism and resilience (A)</p> Signup and view all the answers

According to Chris Voss, why do adolescents often experience a state of flow?

<p>Due to their lack of concern for making mistakes (B)</p> Signup and view all the answers

What does Chris Voss suggest happens when individuals play it too safe across different aspects of life?

<p>They become afraid to embarrass themselves (A)</p> Signup and view all the answers

What does Chris Voss advise regarding the fear of failure and making mistakes?

<p>Be willing to fail and make mistakes without excessive self-blame (D)</p> Signup and view all the answers

According to Chris Voss, what is a common mindset that leads to great discovery?

<p>Taking chances and being open to outcomes (B)</p> Signup and view all the answers

What does Chris Voss believe is essential for embracing discovery and success?

<p>Being open to taking chances and accepting outcomes (C)</p> Signup and view all the answers

How does Chris Voss view the relationship between failure and success in negotiation?

<p>[Failure] is an essential step towards achieving success (D)</p> Signup and view all the answers

What does Chris Voss suggest about the role of making mistakes in personal growth?

<p>[Making mistakes] is vital for personal growth and learning (D)</p> Signup and view all the answers

'Perfection is the enemy of profitability' implies that:

<p>[Seeking perfection] can hinder success and progress (A)</p> Signup and view all the answers

'Who cares? Who really cares?' serves as a reminder to:

<p>[Not overly focus on failures] (B)</p> Signup and view all the answers

What book does Chris mention gifting to others besides his own?

<p>U2 by U2 (C)</p> Signup and view all the answers

According to Chris, what is the next generation of business performance likely to come from?

<p>Understanding the psychology of flow (B)</p> Signup and view all the answers

What is highlighted as a key element in the success of U2 as a business?

<p>Diverse team dynamics (D)</p> Signup and view all the answers

According to Chris, what is the key to going far instead of fast?

<p>Working as a team (A)</p> Signup and view all the answers

What did Chris Voss mention about the impact of being in 'the flow' state?

<p>It enhances pattern recognition and creativity (C)</p> Signup and view all the answers

Which activity does Chris enjoy most in his leisure time?

<p>Spontaneous travel (A)</p> Signup and view all the answers

What does Chris attribute as the reason for U2's success despite their diverse personalities?

<p>'A shared vision' (A)</p> Signup and view all the answers

Which book does Scott mention that relates to triggering psychological responses similar to using drugs like cocaine?

<p>'The Rise of Superman' (A)</p> Signup and view all the answers

'You want to go fast, go along. You want to go far, go as a team.' What does this saying relate to according to Chris?

<p>Business performance (B)</p> Signup and view all the answers

'The single greatest hack in the world' according to Chris Voss involves triggering which response in negotiations?

<p>'No' (A)</p> Signup and view all the answers

Why does Chris Voss mention the necessity of a three-to-one negativity to positivity ratio in human wiring?

<p>To explain how negativity helps in predicting future calamities. (D)</p> Signup and view all the answers

How does Chris Voss use the concept of 'negativity to positivity ratio' in negotiation tactics?

<p>By creating a sense of urgency and discomfort to trigger certain reactions. (B)</p> Signup and view all the answers

Why does Chris Voss use the phrase 'you’re not going to like this' when discussing prices with potential buyers?

<p>To lower the expectations of buyers before revealing the actual price. (C)</p> Signup and view all the answers

How does Chris Voss manipulate the emotional state of potential buyers in negotiations?

<p>By triggering the 'caveman wiring' through anticipation of worse scenarios. (D)</p> Signup and view all the answers

What is the purpose of Chris Voss mentioning a foreclosure sold for $75,000 in real estate negotiations?

<p>To provide buyers with a benchmark for comparison. (D)</p> Signup and view all the answers

How does Chris Voss's negotiation strategy differ from traditional approaches in real estate?

<p>By focusing on emotional manipulation rather than logical reasoning. (A)</p> Signup and view all the answers

What effect does Chris Voss aim to achieve by evoking a 'three-to-one negativity to positivity ratio' in potential buyers?

<p>To trigger emotional responses and lower price expectations. (B)</p> Signup and view all the answers

What role does the phrase 'you’re not going to like this' play in shaping buyer perception during negotiations?

<p>To prepare buyers mentally for less favorable price points. (C)</p> Signup and view all the answers

How does Chris Voss utilize emotional triggers in negotiation tactics?

<p>By appealing to buyers' instincts and creating discomfort. (B)</p> Signup and view all the answers

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Study Notes

BiggerPockets Podcast

  • The main focus of the podcast is real estate investing and negotiation strategies.
  • The podcast host is Scott Trench.
  • Scott Trench recommends doing a Quick Tip in three conversations: mirroring, asking “how am I supposed to do that?”, and using 'your late night FM DJ voice'.
  • Brandon Turner, co-host, is a real estate investor with keen interest in negotiation strategies.

Negotiation Strategies

  • Chris Voss, former FBI hostage and kidnapping negotiator is the guest on the podcast.
  • Chris Voss' book, “Never Split The Difference: Negotiating As If Your Life Depended On It”, provides insights about negotiation strategies.
  • Key benefit of mirroring someone is that it builds trust and rapport, making the other party feel more comfortable and understood.
  • Tull Rahz, a writer who has also published books on negotiation, collaborated on Chris Voss' book.
  • In negotiations, Chris suggests using a “late night FM DJ voice” to calm and put the other party at ease.

Negotiation Tactics

  • Chris emphasizes the importance of "seeking first to understand, then to be understood" in the negotiation process.
  • It is essential to let the other party feel heard, respected, and appreciated.
  • Chris suggests that letting the other side feel like they have control can be a powerful approach in negotiation.
  • Chris highlights the importance of listening actively and building rapport as essential for successful negotiations.

Chris Voss's Background and Career

  • Chris Voss's experience as an FBI hostage negotiator sparked his interest in negotiation strategies.
  • Chris Voss worked as a full-time FBI investigator in New York City before becoming a hostage negotiator.
  • During his time on the hostage negotiation team in New York, he stumbled into an international kidnapping case that shifted his career path.
  • Chris Voss ended up running all the international kidnapping responses due to his expertise and success in his field.
  • Chris transitioned to teaching negotiation techniques in business after leaving the FBI.

Chris Voss's Lessons on Negotiation

  • Chris Voss's book shares insights on different negotiation tactics that he employed during his time as a hostage negotiator, showing how these same principles are applicable to other types of interactions.
  • Negotiating with a bank robber in Brooklyn, Chris realized that the tactics used by great CEOs are similar to those he employed as a hostage negotiator.
  • Chris Voss emphasizes the importance of building rapport and understanding the other party's needs in negotiations.
  • Chris Voss encourages his students to develop skills in negotiation as it is crucial for success in almost every aspect of life.
  • Chris Voss emphasizes the importance of using "the delay to save time" in negotiations as it can shift the power dynamic and leverage control.
  • Chris strongly believes in a negotiation strategy that considers both parties' needs and aims for a win-win outcome.
  • Chris Voss advocates for respecting, hearing, and appreciating the other party as a key approach for achieving a successful negotiation.

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