BrokerageIndustry News

Realtor.com featuring open houses today

NAR: 300-plus Realtor associations participating in 'Open House Weekend'

Realtor.com is providing a special search function on the site's home page today to help homebuyers find homes participating in the National Association of Realtors' Nationwide Open House Weekend.NAR says more than 300 Realtor associations are participating in the event, which takes place June 4-5. About 1,700 local Realtor associations and boards belong to NAR, as well as 54 state and territory associations.While open houses are popular with some prospective buyers and "looky loos," NAR's most recent survey of members found that 90 percent of Realtors get less than 10 percent of their business from open houses, including 67 percent who generate no business from them at all.Safety has also become a concern after a Des Moines, Iowa-area Realtor was shot and killed while holding an open house in April.But open houses can also be useful in building relationships with other agents.During a visit to Northern California in April, Better Homes and Gardens Real Estate LLC President a...