A Person Who Leases a Single-Family Dwelling and Does Not

question 21

True/False

A person who leases a single-family dwelling and does not own more than three single-family dwellings does not come under the purview of the Fair Housing Act of 1968.

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Definitions:

Concept

An abstract idea or a general notion that forms the foundation of a project, strategy, or theory.

Semiannual Payments

Payments made twice a year, often in the context of loan repayments or interest payments.

Compounded Semiannually

A method of calculating interest where the interest earned over half a year is added to the principal, and the new total becomes the basis for the next round of interest calculation.

Cost

The monetary value spent by a company to produce or acquire goods or services, including manufacturing and operating expenses.