Tennessee Real Estate License Exam Practice Question
Which of the following best describes the Housing for Older Persons Act?
Correct Answer: B
Rationale: Option B accurately reflects the Housing for Older Persons Act, which mandates that at least 80% of occupied units in designated housing must have at least one resident aged 55 or older. This ensures that the housing serves its intended demographic.
Option A is incorrect; the Act does not specifically exempt grandparents with grandchildren. Option C misrepresents the Act, as it does not stipulate the requirement for significant facilities or services tailored for seniors. Option D is also misleading; while there are legal protections, the Act does not specifically provide for monetary damages for perceived exemptions.
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