NCBE Uniform Bar Exam (UBE) Practice Exam

In the context of a Fee Simple Determinable, the type of property interest retained by the grantor is indeed the possibility of reverter. A Fee Simple Determinable is a type of estate where the duration is limited to the happening of a particular event or condition. For example, the grant might state that the property is to be used for a specific purpose, such as for "the purpose of a school." If that purpose ceases, the estate automatically ends, and the property reverts back to the grantor.

The possibility of reverter is an automatic future interest that enables the grantor to regain ownership when the specified condition is violated. This interest is unique to determinable estates, distinguishing it from other types of future interests.

In contrast, a right of entry involves a different type of property interest where the grantor retains the right to terminate the grantee's estate upon the occurrence of a condition, but it does not automatically revert the property to the grantor. Future interest is a broader term that encompasses various types of interests, but it is not specific enough to denote the retained interest in a Fee Simple Determinable. A fee simple absolute represents the highest form of property ownership without any limitations or conditions, which does not pert