Property Management
In Wyoming, a property manager's obligations under the Americans with Disabilities Act (ADA) apply primarily to:
AAll residential rental properties regardless of size
BCommercial properties open to the public, requiring accessible design and removal of architectural barriers✓ Correct
COnly new construction after 1992
DOnly federally subsidized housing
Explanation
The ADA applies to commercial properties open to the public (Title III places of public accommodation) and commercial facilities. Property managers of commercial properties must ensure ADA accessibility compliance.
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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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