Property Management
The Americans with Disabilities Act (ADA) primarily applies to property managers of:
AAll residential rental properties
BPlaces of public accommodation and commercial facilities✓ Correct
CSingle-family homes for sale
DOwner-occupied duplexes
Explanation
The ADA primarily applies to places of public accommodation (hotels, retail, restaurants) and commercial facilities. The Fair Housing Act (not ADA) covers most residential rental properties.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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