What conditions must be met for a debtor in a bankruptcy case to have the authority to transfer real property?

The correct choice highlights the importance of state exemption laws in the context of bankruptcy. When a debtor files for bankruptcy, certain assets can be categorized as "exempt," meaning they can be retained by the debtor despite the bankruptcy proceedings. If the property in question falls under the list of exempt assets defined by state law, the debtor has the authority to transfer this real property without requiring approval from creditors or the court.

This exemption ensures that debtors can maintain a level of personal and financial security even while undergoing the bankruptcy process, as it allows them to protect essential assets that contribute to their livelihood or stability. Therefore, if the land is deemed exempt under the applicable state law, the debtor can freely manage and transfer the property without additional restrictions.

While the other options mention potential conditions or scenarios in which transfers could occur, they do not align with the fundamental principles governing a debtor's authority in bankruptcy situations. For instance, requiring all creditors' agreement or a court hearing can complicate the transfer process unnecessarily, as the primary focus for exempt property allows the debtor more autonomy.