Heather Smith called in to prorate her client, Danny Harrington (the seller's) warranty. Upon reviewing it you see Danny is paying monthly and his next payment is due on 7/15. They are set to close on 7/30. Can you prorate today?
No. Not until after his next payment is deducted.
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15
Which parties can request/initiate a Transfer of Ownership?
Seller, Listing Agent, AHS/HSA Field Rep, Closing Company
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15
In the event of an Over Proration what must you request a copy of?
HUD/Closing/Settlement Statement
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15
If a Transfer of Ownership is being requested can a seller remove their payment and have the buyer add theirs to resume monthly payments on the new method?
No
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thief
Give points!
5
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15
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25
seesaw
Swap points!
Okay!
gift
Win 25 points!
Okay!
banana
Go to last place!
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15
You should always _________ the recording because we are a ________ compliant company.
Pause; PCI
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15
A __________ is performed when an active agreement is in the system and the seller is offering the remainder of the agreement to the new buyer.
Transfer of Ownership
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15
In the event someone calls in to cancel their policy because they are moving what should you do?
1) Try to transfer or prorate their existing policy to the new buyer 2) Set up coverage on their new home 3) Transfer them to Retention if they want to CXL
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15
When processing a proration you should always remove what?
The seller's payment source.
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baam
Lose 15 points!
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magnet
Take 15 points!
Okay!
shark
Other team loses 20 points!
Okay!
baam
Lose 5 points!
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seesaw
Swap points!
Oops!
star
Double points!
Okay!
fairy
Take points!
5
10
15
20
25
banana
Go to last place!
Oops!
boom
Lose 50 points!
Oops!
gift
Win 15 points!
Okay!
fairy
Take points!
5
10
15
20
25
lifesaver
Give 15 points!
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15
A proration smart form must be completed for which two types of prorations?
Zero Credit & Over Proration
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15
In Sales Central where would you go to update a customers payment source?
Accounting followed by Payment Soucre
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15
Which smart form is used to transfer funds from one contract to another?