What is an "open house"?

An open house is defined as an event where a property is made accessible to the public for viewing without the need for an appointment. This format allows potential buyers to visit the property at a designated time, usually scheduled on weekends or specific days. During an open house, the homeowner or a real estate agent is typically present to answer questions and provide information about the property. This approach encourages a broader audience to view the home, facilitating the sale process by attracting multiple interested buyers who can see the property in a relaxed, open environment.

The other options describe scenarios that don’t fit the standard definition of an open house. A scheduled showing with an agent present typically requires appointments and tends to be more formal. A private tour restricts access to select individuals rather than the general public. Lastly, a meeting for real estate agents to compare properties does not involve potential buyers and is centered on professional networking or collaboration, making it distinct from the public access aspect of an open house.