It's required in some foreclosed situations, such as HUD. And yes, spot checking occurs. So, not something to lie about.

And, as a Realtor, I'm not putting my license on the line for someone who thinks they're pulling a fast one by lying to buy a low-priced house to fix n flip.
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Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to REOs, BPOs, and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com