Tennessee Real Estate Exam Practice Question
The Housing for Older Persons Act
Correct Answer: B
Rationale: Option B is accurate as the Housing for Older Persons Act mandates that at least 80% of occupied units in designated senior housing must have at least one resident aged 55 or older, ensuring the community is primarily for older adults.
Option A is incorrect; while it addresses family dynamics, the Act does not specifically exempt units based on the presence of grandchildren.
Option C is misleading; the Act does not stipulate that senior housing must have senior-specific facilities, focusing instead on age requirements.
Option D is also incorrect; the Act does not provide for monetary damages related to misunderstandings of exemptions.
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