Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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What is an exemption to the Federal Housing Act?

  1. Commercial buildings with more than 10 units

  2. Owner-occupied buildings with no more than 4 units

  3. Housing rented out for vacation purposes only

  4. All housing with no exemptions

The correct answer is: Owner-occupied buildings with no more than 4 units

An exemption to the Federal Housing Act refers to a specific condition or category that is excluded from the regulations of the act. Option A is incorrect because commercial buildings with more than 10 units are not exempt from the act. Option C is incorrect because housing rented out for vacation purposes is not exempt from the act. Option D is incorrect because there are exemptions to the Federal Housing Act. Only option B is correct because owner-occupied buildings with no more than 4 units are exempt from the regulations of the act.

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