A 'fee simple absolute' estate in NC is best described as:
Why The most complete form of ownership, with no restrictions on use or transfer Is Correct
Answer B: The most complete form of ownership, with no restrictions on use or transfer
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
People Also Study
Related North Carolina Questions
- In NC, a 'fee simple absolute' interest has what effect on appraisal value compared to a 'fee simple subject to restriction'?Property Valuation
- When a NC title insurance company pays a claim on an owner's policy, the insurer receives the right to:Escrow & Title
- Which type of ownership in North Carolina gives a married couple automatic right of survivorship?Property Ownership
- A fee simple absolute estate in North Carolina is:Property Ownership
- Which form of co-ownership includes the right of survivorship and is available only to legally married spouses in North Carolina?Property Ownership
- Adverse possession in NC allows a person who occupies land without permission to gain title after how many years of continuous, open, hostile, and actual possession?Property Ownership
Key Terms to Know
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →