What is an Open House?
During an open house, a seller’s real estate agent or broker holds open hours during which the home is available for the public to view.
Potential buyers may drop by anytime within the scheduled hours, without an appointment, to look at the house.
You’ve probably seen real estate signs on the corner promoting an open house. These typically are seen on the weekend.
The seller’s agent may also add the home to a Brokers’ Tour.
A brokers’ tour is a regularly scheduled weekly event hosted by brokers for brokers featuring newly active properties in an “open house” format. It provides Realtors the opportunity to visually inspect properties included in the tour and to gain first-hand knowledge of them. – SF Gate
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