Property Ownership
A fee simple absolute estate in Virginia conveys:
AOwnership for the life of the grantee only
BThe highest form of ownership with no conditions or limitations✓ Correct
COwnership subject to a condition that could cause forfeiture
DOwnership limited to a specific period of years
Explanation
Fee simple absolute is the most complete form of property ownership. The owner holds the property indefinitely with full rights to use, sell, and devise, with no conditions that could terminate ownership.
Related Virginia Property Ownership Questions
- A Virginia property seller who executes a deed without first satisfying a recorded judgment lien is conveying:
- Virginia's homestead exemption protects how much of a homeowner's equity from creditors in bankruptcy?
- A Virginia property owner's title is best described as 'marketable' when:
- In Virginia, adverse possession requires continuous, open, hostile, and exclusive use for:
- In Virginia, a survey that describes property using the metes and bounds system starts at:
- A Virginia couple buys a home and takes title as joint tenants with right of survivorship. One spouse dies. Title to the home passes to:
- A Virginia buyer purchases a home subject to an existing deed of trust. 'Subject to' means the buyer:
- In Virginia, a timeshare is regulated under which law?
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →