Magic Find -- myths & truths

[mikea454]

THe page you linked does explain it. qlvl = ilvl+2, where ilvl is the level of the monster(or chest) making the drop. qlvl, ilvl, and the monsters lvl are all unrelated to your character level (clvl) and required lvl to use that item (though of course all of these are correlated).

So for your tyreals might (qlvl=87) means the monster must be at least lvl 85 to drop it. You can be lvl 60 and still get this drop. Since it is a high qlvl the required lvl to use will also be somewhat high, but the two are not directly related.