Caravan

Definition

• A caravan is when a group of real-estate agents go out together to look at properties recently listed for sale.

Synonyms
tour, circuit, excursion

Related Terms and Acronyms

• Listing Inventories — Definition,
  • The dwellings for sale in a given market.
• Multiple Listing Service (MLS) — Acronym, Canada, Very Important,
  • A database that lists all properties in an area that are for sale or lease by Realtors.
• Open House (OH) — Acronym,
  • A selling tool in which a real-estate agent advertises a property for sale and invites people to visit without making an appointment.
• Real Estate Agent — Definition,
  • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
• Realtor — Definition,
  • A real estate broker or an associate holding active membership in a real estate board.