Property Management
A Kansas apartment manager who illegally discriminates in tenant selection exposes the property owner to:
AOnly criminal penalties, not civil
BBoth civil liability (damages, attorney fees) and possible fair housing enforcement penalties✓ Correct
CA maximum fine of $1,000
DLicense revocation only, with no financial penalties
Explanation
Fair housing violations expose both the property owner and manager to civil liability, including actual damages, punitive damages, attorney's fees, and civil penalties from HUD or courts.
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Key Terms to Know
Earnest Money
A 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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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