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If you have a full pref schedule and rank all the houses you attended then you're guaranteed a bid, but if you don't have a full pref schedule (say you only get invited to one chapter), even if you rank them, you're not guaranteed a bid because technically you couldn't maximize your options since you didn't attend 3 possible houses so you couldn't rank 3 houses. Basically you have to have a full pref schedule in order to be eligible to maximize your options and be guaranteed a bid