Yes,, they do. It means that the person who has just spoken has said something quite reasonable. Alternatives to "Fair point" are not so short or neat but could be comments such as "Can't argue with that" or "You've got a point there" or "I take your point" or just "Agreed".
The Language Level symbol shows a user's proficiency in the languages they're interested in. Setting your Language Level helps other users provide you with answers that aren't too complex or too simple.
Has difficulty understanding even short answers in this language.
Can ask simple questions and can understand simple answers.
Can ask all types of general questions and can understand longer answers.
Can understand long, complex answers.
This answer was given within 60 minutes of the question being posted.
How do you say "Hello" in Korean? Find out on HiNative!