4 Steps to Holding an Open House for Another Agent's Listing

Guest Contributor
Published: 08/01/2012
Posted by: RE Technology

Guest contributor Karli Larson of ePropertySites.com says:

For many new agents (or seasoned agents who are in between listings) hosting an open house for a colleague can be a great way to meet new clients and get your name out there. Practices on holding an open house for someone else's listing vary. Some offices offer a flat fee to the agent holding the open house, and others allow the agent to claim the leads or client contacts made that day. If you're a motivated agent looking to expand your client network, follow these steps to "borrow" a listing for your next open house.

1. Learn the ropes. Look into your office's rules or policies for hosting an open house for one of your associates. Familiarize yourself with the requirements and correct etiquette before approaching your colleagues about their listings.

2. Get permission. Most of us know someone who's absolutely swamped. Busier agents may be eternally grateful to you for offering to hold an open house when they're pressed for time. Other agents just aren't fond of open houses. Find someone who might benefit from your offer and ask for their permission to hold an open house for their listing.