Possibly... but then again, how many people really attend open houses at hours that are not considered "typical" for open houses. You may end up lonely just like the Maytag repairman!

In the book Outliers, author Malcolm Gladwell claims that it takes roughly ten thousand hours of practice to achieve mastery in a field. 

Just saying...

Holding open houses is only a small part of what you need to do.

highly doubtful.... and I am not sure how and where and what you would show for 40 hours a week... but it doesnt sound like you have any kind of business plan...

You might.  There are other variables I would(and so should you) want to know before using this particular strategy.   

In my market the only thing you'd find is that you'd be well rested from all the naps you'd have during these 40 hours.  I think you need Plan B !

You might think of another career.

No , because you would not be available to work with all of the buyers you'd ne meeting at Opens

Nina Hollander nailed this one!

I don't know about flourishing, but I suugest it as a way to get business without cost.

My take on it is no. You are 'waiting' for business to come to you instead of going out & getting it. 

I agree with Nina Hollander!

Not likely.

Definitely, if you do it correctly. The right home, the right location.

Interesting idea. It might work if you did a lot of marketing, the open houses were in areas that get a lot of traffic anyway, the open houses are homes with the right price points for your business, your area is one where open houses are well attended, etc.

Otherwise, you could spend 39.5 hours doing other kinds of work while at the open house, and 1/2 hour meeting with actual buyers.

It depends on many factors.

Why not? Make sure you do everything right - and follow up after the open house.

It wouldn't hurt your career done right...

Open houses should be only a portion of the duties.

Probably not.  You wouldn't have the time to sell or work on other aspects of your business.

Being successful takes a balance of activities and sitting in an open house that many hours will not allow enough time to do other must do (get in the face) activities.

Doubtful.  Most people aren't looking at open houses outside of the weekends.  Why?  Most people have day jobs!  To get 40 in a week, you'd have to be open 12 hours on the weekends and 3-4 hours in the evening, but after dinner time.

In my experience, open houses rarely sell the home and they have a very dimishing return week over week on attendance.  Precious few of your attendees are not working with an agent and can be picked up.

Depends on how effective you are during thos 40 hours.

Builder's model homes... maybe.

Holding open houses can help.

I don't think so.  

Open houses tended to be really a waste of time when I was an agent.  I didn't get many closings from Open Houses. 

I think that you can do other things to build your business that will be more useful and get more leads. 

Good Luck!

no

Depends on how you do them.

40 hours a week would be too much.  10 hours a week might be more reasonable, then devote time to other prospecting endeavors like farming, networking, blogging, and social media.  Don't put all your eggs in one basket. You'll find that business comes from many different avenues.

That sounds excessive and you wouldn't have time to prospect.

I think there are more productive things you could so with that 40 hours that spend it all at open houses.

Everything is possible

If you show up and do anything 40 hours a week...you will flourish

I would advise hold open houses every weekend for two years to build ones business

Probably not! Too many variables to properly answer the question!

It depends on how many available hours you will have left for everything else you need to do to become and remain proficient and on top of your market.  And it depends on your market and how successful open houses are in your area.  Furthermore, to become proficient at attracting prospects at an open house, you have to master your market and your craft

There is so much more to it than Open House Events.

As with most questions, the answer lies in "it depends".  Perhaps, if you represented a builder this could be a good strategy.    Honestly, it sounds like a lazy way to prospect.  As they say, don't put all your eggs in one basket.

Not if you just show up and stick a sign in the yard.

It depends on whether you get good houses - that is essentially what new home sales agents do so I guess it is possible

I don't know,

However, without a name the likelihood of success is low.

I actually have a real answer, but those are reserved for real people.

no.... you need to use many methods of marketing....open house events are just one....and weekends are the best time for them....

Very doubt full, you may end up very bored and with less experience than going out and getting listings, getting buyers and selling homes. Open houses can be more waiting around than activity. With media these days, you do not need to sit and wait for a client, go get them. 

Yes you could if you do it right. I know people that went from zero to hero doing just open houses. Good Luck