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!

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What right does the grantor have with a qualified fee conditional?

Right of reversion only
Right of reentry and reversion
No rights once property is sold
Permanent ownership

The correct answer is: Right of reentry and reversion

A qualified fee conditional is a type of ownership where the grantor (the one who sells or transfers the property) has placed certain conditions on the use of the property. These conditions may include restrictions on how the property can be used, which may be enforced by the grantor's right of entry. This means that if the conditions are violated, the grantor has the right to reenter the property and take back ownership. Therefore, option A and D are incorrect because they do not mention the grantor's right of entry. Option C is also incorrect because the grantor still retains certain rights even after the property is sold.