Podcast
Questions and Answers
What is the primary indicator of a client's ownership of a property?
What is the primary indicator of a client's ownership of a property?
- The client's name appears on the proof of billing. (correct)
- The client’s income is verified.
- The client has a mortgage statement.
- The client provides an employment letter.
If a client's name does not appear on the proof of billing, what is the next step?
If a client's name does not appear on the proof of billing, what is the next step?
- Require a bank statement with their address.
- Ask for their social security number.
- Request any documentation that includes their name and address. (correct)
- Contact their previous landlord for verification.
What type of documentation might be requested to verify ownership if the name is missing from the proof of billing?
What type of documentation might be requested to verify ownership if the name is missing from the proof of billing?
- A letter from a friend confirming residence.
- A utility bill from a different address.
- A rental agreement.
- A tax return showing ownership. (correct)
Which of the following statements about verifying homeowners is accurate?
Which of the following statements about verifying homeowners is accurate?
What elements should be checked on the proof of billing to ascertain homeowner status?
What elements should be checked on the proof of billing to ascertain homeowner status?
Study Notes
Verifying Homeownership
- Verify client ownership by checking if their name (last, middle, or full) is on the provided proof of billing.
- If the client's name is missing from the proof of billing document, further documentation may be required.
- Acceptable supplementary documentation includes any official papers that display the client’s name and address, affirming property ownership.
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Description
This quiz covers the steps involved in verifying whether a client is a homeowner. It outlines the importance of confirming the client's name on their proof of billing and what additional documentation may be required if necessary. Test your knowledge on this essential procedure.
