Fair Housing
Under the Americans with Disabilities Act (ADA), which type of real estate is primarily covered?
ASingle-family residential properties
BCommercial facilities and public accommodations✓ Correct
CAll rental properties regardless of size
DOnly federally funded housing
Explanation
The ADA primarily covers commercial facilities and places of public accommodation. Residential housing is primarily covered by the Fair Housing Act, not the ADA.
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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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
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