Property Ownership
What is fee simple absolute in Nevada real estate?
AOwnership subject to conditions subsequent
BThe highest form of ownership: complete ownership with no limitations on use, transferability, or inheritance✓ Correct
COwnership for a fixed term of years
DOwnership shared with the government
Explanation
Fee simple absolute is the highest and most complete form of property ownership in Nevada. The owner has unlimited rights to use, possess, transfer, and devise the property, subject only to governmental powers (taxation, eminent domain, police power, escheat).
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