Alabama Real Estate Practice Exam 2025 – All-in-One Guide to Master Your Real Estate License!

Question: 1 / 400

When does a buyer receive equitable title in the final contract signing?

After closing

At the time of signing

Equitable title is the right to obtain full ownership and possession of a property, while legal title is the actual ownership and transfer of the property. In a real estate transaction, equitable title is typically conveyed to the buyer at the time of signing the final contract. Option A is incorrect because the buyer does not receive equitable title after closing, but rather at the time of signing the final contract. Option C is incorrect because the buyer cannot receive equitable title before signing the initial offer, as this is the first step in the negotiation process. Option D is incorrect because equitable title is not dependent on the buyer's first payment, but rather on the signing of the final contract.

Get further explanation with Examzify DeepDiveBeta

Before signing the initial offer

Upon first payment

Next Question

Report this question

Download Alabama Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy