A Process of Bifurcation as Applies to Real Estate

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

A Process of Bifurcation as Applies to Real Estate

It is no secret to anyone that has read a few of my blog posts, that I enjoy the game of golf. My abilities are better than average but not to the level of the people that play on TV on Sunday afternoons.

I was watching a segment on the Golf Channel this morning and the talking heads were commenting on the current state of the game and the tone of Bifurcating the golf ball.

A Process of Bifurcation as Applies to Real Estate

What they were trying to address is the distance the pros are able to hit the ball and the movement to change the ball's design so that it's aerodynamics will be reduced and thus the ball will go less distance.

There is, at best,  1,club in the bag that impacts distance the greatest and that is the driver. The yardage difference with the rest of the clubs averages 10 yards each, but even there when a pro can hit a pitching wedge a minimum of 150 yards with regularity against my abilities at 100 yards. The change in design of the ball is minimum.

In this definition, bifurcation refers to the change in the mathematical curvature of an object to divide it into 2 distinctly entities, or more precisely change the design to change the aerodynamics to change the way it moves through air.

Our real estate industry will see some bifurcation over the next months created by the lawsuits being faced by NAR over agent compensation.

A Process of Bifurcation as Applies to Real Estate

It will create changes in the way agencies want their agents to work with clients as well as how we interact with each other. Hopefully. it will not become an association of entities each looking out for themselves to see who can be the most successful with the redesign of our foundations.

Real estate has always been local, and changes to compensation will also become a local issue handled as best a board or statewide association deems in the best interests of all.

Only time will tell with the ball and with our industry.

 

A Process of Bifurcation as Applies to Real Estate

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (14)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Ed: while my knowledge of golf remains under par, your post hit home with important points.  Of course, I still can't master checkered pants.  Oh, well.  

Dec 03, 2023 09:48 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Michael Jacobs   I have a pair of checkered shorts, but they remain in the closet for very special occasions.

Dec 03, 2023 10:10 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Ed,
Change is constant and for every action there are consequences, whether good or bad. Finding a balance is the trick.

Dec 03, 2023 12:06 PM
Roy Kelley
Retired - Gaithersburg, MD

We can definitely expect industry changes. I am not confident that the NAR leadership will provide the best results.

Dec 03, 2023 12:20 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

In my opinion, Ed, if it ain't broke, why change it? Never mind...🙄

Dec 03, 2023 12:40 PM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Very interesting post and enjoyed reading the connection you made. 

Dec 03, 2023 03:30 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed, 

I grew up in a golfing family so I enjoyed your reference.  It will be very interesting to see what pans out from this lawsuit and each companies take on what to do.  

We have already had sellers balk at paying buyer agent commissions after they were in contract.  

Dec 03, 2023 04:32 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it is amazing how far some of the pros hit a golf ball.  I am lucky if I hit my driver as far as they hit a 9 iron.

Dec 03, 2023 05:42 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Bifurcation is an interesting topic that I know little about, haha.  My friend who works for Ping likely knows all about it and I have seen some of his posts mention it.

Dec 04, 2023 04:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed. I'm of the same school of thought as Roy Kelley  . From everything I've been reading and hearing, I'm not convinced the NAR and most of our profession were in the slightest bit prepared for the current situation or that many really understand what the long term implications are.

Dec 04, 2023 08:09 AM
Cindy Allen

Nina, I'm afraid you and Roy are spot on. 

Dec 06, 2023 03:58 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Hi Ed they've been changing the 'golf ball' in various ways for years and years so here's another 'change' and we'll see how far it goes or doesn't.  Change happens and that goes for all the NAR lawsuits etc.  During a  AZ state wide broker call last week it seems to me that AZ has had this whole thing figured out for years with our forms and structure of how to handle agency and co-brokes etc.  We'll see what shakes out......it will take years with lawsuits.

Dec 04, 2023 10:20 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Changes ahead no doubt.  It will be interesting in the coming months/years.  m

Dec 05, 2023 07:41 AM
Cindy Allen
DFWMoves.com - Southlake, TX
Dallas - Fort Worth

I believe I heard new requirements for the ball will be imposed on Pros first in a few years and then everyone else a couple of years later.  It is too expensive to extend the length of the courses.  So it's going to be drawn out over years of complaining and lamenting the old days.  But changes will be made. If we want to keep playing I guess we'll have to adjust to the new rules. 

Dec 06, 2023 04:05 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Since bifurcation means cutting something into two parts, I would have no clue what they are talking about in regard to golf ball changes. Certainly not cutting the balls in half to make them fly shorter distances.

As far as real estate goes, I think that there will be more agents who will be entering into buyer/broker contracts than in the past...and some who will not.

Dec 12, 2023 04:28 PM