GARAGE DOORS inc
License #’s:
13BS00177 Miami-Dade
14-GD-16069-X Broward County
service repair and installation
(954) 280-3667
​4701 SW 45th ST Davie, FL, FL 33314 BAY 3
P.A.C.E Quiz
Have you been studying? Lets find out.
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1. It is very important that you allow the homeowner the space and privacy to complete the IDVerification and sign the documents. *
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True
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False
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2. When are Financing Documents transmitted for countersignature? *
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Once the contractor esigns.
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After you receive the signed copies via email.
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After the homeowner has completed eSignature, and IDV is complete.
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3. You are allowed to say you are from Hero , Renew, Ygrene or a P.A.C.E. representative *
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True.
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False.
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4. The P.A.C.E. Program will confirm terms with property owners to ensure that the property owners understand: *
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Financing (including payments, terms, interest).
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Products (what products, their specs, and their cost).
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None of the above.
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All of the above.
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5. Can a homeowner sell or refinance their home if it has a HERO assessment? Select the best answer. *
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The P.A.C.E. assessment in most cases will first need to be paid off when the homeowner refinances or sells the property.
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Yes, they can always sell or refinance their home with a P.A.C.E. assessment.
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No, they will not be allowed to sell or refinance.
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6. As a Sales Rep, representing the contractor, you need to make sure your customer understands which of the following? *
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All of the above.
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The estimated yearly amount.
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Financing term.
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Interest rate.
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7. How is P.A.C.E. different from other forms of financing? *
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It is designed specifically for home improvements that provide energy efficiency, water-conservation, renewable energy and hurricane protection.
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All of the above.
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Approval for P.A.C.E. financing is primarily based on the equity in the homeowner's home and their debt payment history, rather than on credit score.
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It is paid at a fixed interest rate through an additional line item on the property taxes.
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8. P.A.C.E. is a government grant program that doesn't need to be repaid. *
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False.
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True.
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9. In cases where the customer is 65 years old or older, it is a good idea to have a 3rd party person (like a friend or family member) join the sales call. *
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True.
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False.
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10. Once a homeowner is approved, P.A.C.E. will email the approval amount to whom? *
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The Contractor
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The Financing Department
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THE CUSTOMER
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