Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does equitabile title mean for a buyer?

Full ownership of the property
Right to modify the property
Interest in the property
Legal ownership until closing

The correct answer is: Interest in the property

Equitable title means having an interest in a property or the right to use and possess it. This does not necessarily mean full ownership, which is what option A implies. Option B is incorrect because equitabile title does not give the buyer the right to modify the property, only to use and possess it. Option D is also incorrect because equitable title does not grant legal ownership, only a legal interest in the property.