The simplest answer is "yes". You connect the printer to a live telephone jack. Telephone connectors do look like Ethernet connectors, but they are narrower.

Sending is no problem. Just yell at everyone in your house that you need to have sole possession of the phone line for a while. How long that will be depends on how much you are sending. I have sent 50 pages and it took nearly an hour.

Receiving is a little more tricky unless you have a separate line for faxes or the service where there is a separate number which has a unique ring pattern. AT&T is the only telephone service that I am positive it offers this. When I had telephone service through the cable company, they did not offer this service. The fax set-up will let you tell the fax which ring pattern it should answer and how many rings before it answers. It has been handy for me to have this capability and it is one of the main reasons that I always have a multifunction printer. If you lack a separate line or a special ring pattern, you will have to just yell at everyone in your house not to touch the telephone. When you answer the incoming call, if you hear a "beep" that means you have a fax coming in and you need to hit the button on the printer that says "answer the telephone". You can set up the fax to answer automatically after "X" number of rings.

(My nickname is not Durvad1, it's MartaR.)