What does Caravan mean?

This refers to a group of real estate agents who jointly show a number of properties to potential buyers or investors. A caravan is often organized as a way for agents to share leads and network with each other, and may involve touring a series of properties in a specific area over the course of a day or weekend.

Related Terms

Fair Credit Reporting Act. Refinancing Addendum Change Order Exclusivity Forbearance Buyer's agent Shared-Appreciation Mortgage Application Fee Before-Tax Income Verification of Deposit Special Assessment Alley No-Competition Lots Loan Commitment Non-Recurring Closing Costs Escrow Company Assumption