What Is Fee Simple?
The most complete form of property ownership, giving the holder full rights to use, sell, lease, or bequeath the property indefinitely, subject only to law.
Fee Simple across 4 exams
Fee Simple appears on the following exams. Each defines it in the context candidates are tested on:
- Real Estate
- The most complete form of property ownership, giving the holder full rights to use, sell, lease, or bequeath the property indefinitely, subject only to law.
- CA Salesperson
- The most complete and absolute form of property ownership, granting the holder full rights to use, sell, lease, or bequeath the property indefinitely. It is the highest estate recognized in law.
- FL Sales Associate
- The most complete form of real property ownership, granting the owner full rights to the property for an unlimited duration, transferable by sale, gift, or inheritance.
- AZ Salesperson
- The highest form of property ownership in which an owner has complete control and the right to keep, use, sell, lease, or give away the property with no restrictions. Fee simple absolute is the standard form of home ownership.