Humber/Ontario Real Estate Course 3 Exam Practice

The best method to acquire new clients involves:

1. Adopting digital only marketing strategies

2. Generating effective social media campaigns

3. Moistly attending in-person real estate events

4. Obtaining repeat business from referrals

5. Regularly updating listings online

6. Relying solely on advertising billboards

The correct answer is: Obtaining repeat business from referrals

The most effective method to acquire new clients is obtaining repeat business from referrals. This approach leverages the trust and satisfaction of previous clients, who, when content with your services, are likely to recommend you to friends and family. Referrals not only often lead to higher conversion rates compared to other methods but also tend to bring in clients who come pre-vetted based on the positive experiences of others. While some methods of client acquisition, like social media campaigns or attending real estate events, can certainly play a role in generating leads, they may not provide the same level of trust and loyalty that comes from referrals. Additionally, relying solely on digital marketing or billboards lacks the personal connection that referrals inherently carry. Ultimately, fostering strong relationships with clients and encouraging them to share their positive experiences is a powerful way to build your client base effectively.