Optical two-dimensional Fourier-transform spectroscopy is used to study the heavy- and light-hole excitonic resonances in weakly disordered GaAs quantum wells. Homogeneous and inhomogeneous broadening contribute differently to the two-dimensional resonance line shapes, allowing separation of homogeneous and inhomogeneous line widths. The heavy-hole exciton exhibits more inhomogeneous than homogeneous broadening, whereas the light-hole exciton shows the reverse. This situation occurs because of the interplay between the length scale of the disorder and the exciton Bohr radius, which affects the exciton localization separation of line widths, excitation-density-dependent measurements reveal that many-body interactions alter the homogeneous dephasing while disorder-induced dephasing is unchanged.. and scattering. Utilizing this separation of line widths, excitation-density-dependent measurements reveal that many-body interactions alter the homogeneous dephasing while disorder-induced dephasing is unchanged.