In relation to Fair Housing Act exemptions, which of the following is true?

The correct statement regarding the Fair Housing Act exemptions is that owner-occupied buildings with no more than four units are exempt. This provision is significant as it recognizes the rights of small landlords, allowing individuals who live in their properties and rent out a limited number of units some leeway in their rental practices. This exemption is rooted in the idea that these small-scale, owner-occupied buildings are less likely to engage in discriminatory practices, as the owner has a direct and personal investment in the rental situation.

In contrast, the other options either misunderstand the stipulations of the Fair Housing Act or misinterpret the exemptions provided. For instance, single-family housing sold or rented with a real estate agent is not exempt, as the involvement of a real estate professional typically signifies a business transaction, thus requiring adherence to Fair Housing Act guidelines. Additionally, religious institutions like churches are still bound by the Fair Housing Act in terms of occupancy limits, although there may be certain allowances for religious organizations under specific conditions. Lastly, the idea that all properties must adhere to the Act regardless of ownership is not fully accurate since there are defined exemptions, such as the one related to owner-occupied buildings with four or fewer units.