Property Ownership
A fee simple absolute estate is best described as:
AOwnership that ends upon a specified event
BThe highest form of ownership — complete and unconditional✓ Correct
COwnership for a fixed term of years
DOwnership shared equally among heirs
Explanation
Fee simple absolute is the highest and most complete form of property ownership. It is unlimited in duration, freely transferable, and carries no conditions. It can be inherited without restriction.
Related California Property Ownership Questions
- What is meant by the term 'color of title'?
- In California, what is the maximum homestead exemption available to a qualified homeowner as of January 1, 2021?
- What is an 'easement in gross'?
- What is a 'holdover tenancy' (tenancy at sufferance)?
- Adverse possession in California requires continuous, open, notorious, hostile, and exclusive use for a statutory period of:
- The four unities required to create a joint tenancy are:
- Community property in California includes:
- What is the significance of 'recording' a deed in California?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →