Escrow & Title
In South Carolina, what does 'fee simple' mean on a title report?
AThe property has significant encumbrances
BThe owner holds complete and absolute ownership of the property✓ Correct
CThe property is owned through a long-term lease
DThe title has been partially transferred
Explanation
Fee simple (or fee simple absolute) on a title report indicates the owner holds complete and unconditional ownership of the real property. It is the highest form of title and is transferable to heirs or by sale.
Related South Carolina Escrow & Title Questions
- In South Carolina, which party to a transaction has a legal obligation to ensure the closing is conducted by a licensed attorney?
- Under South Carolina's recording laws, which of the following has priority when there is a conflict between two interests?
- An 'encumbrance' on a South Carolina property title is best defined as:
- In South Carolina, the Register of Deeds is responsible for:
- In South Carolina, the Closing Disclosure must be provided to the borrower at least how many business days before closing?
- Which of the following would be found as an exception on a title insurance commitment?
- At a South Carolina closing, who disburses the loan proceeds to the seller?
- A South Carolina title search examines public records to verify:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →