Property Ownership
A 'fee simple' estate is best described as:
AOwnership with no conditions or restrictions on transfer✓ Correct
BA lease for a fixed period
COwnership that ends at death
DA partial ownership interest
Explanation
Fee simple (fee simple absolute) is the highest form of ownership — complete ownership with the right to use, sell, or transfer the property with no conditions.
Related California Property Ownership Questions
- What is the legal term for the right of the government to take private property for public use upon payment of just compensation?
- How is an easement by prescription acquired in California?
- What is an 'encroachment'?
- What is a 'leasehold estate'?
- What is 'escheat'?
- California's Proposition 13 limits annual property tax increases to a maximum of:
- Which of the following is NOT one of the four unities required to create a joint tenancy?
- Community property in California includes:
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →