Humber/Ontario Real Estate Course 1 Exam Practice 2025 - Free Real Estate Course 1 Practice Questions and Study Guide

Image Description

Question: 1 / 890

What is Fee Simple?

The highest estate in real property.

Fee Simple is the highest estate in real property, granting the owner unlimited rights with no restrictions. This means that the owner has full control over the property, including the right to use, sell, or even destroy it. Other options like "An estate with minimal rights," "Synonymous with leasehold estates," "A temporary form of property ownership," and "An estate limited to the duration of a certain person’s life" do not accurately describe Fee Simple. This makes option A the correct choice as it correctly defines Fee Simple as the most comprehensive and complete type of property ownership.

Get further explanation with Examzify DeepDiveBeta

A property ownership type giving unlimited rights, with no restrictions.

An estate with minimal rights, as the name implies.

Synonymous with leasehold estates.

A temporary form of property ownership.

An estate limited to the duration of a certain person’s life.

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy