What is Fee Simple? | REAL-ESTATE-SALESPERSON Exam Prep

Fee simple (also called fee simple absolute) is the most complete form of property ownership, granting the owner full bundle of rights including the right to use, sell, lease, or bequeath the property without restrictions, with ownership lasting indefinitely and passing to heirs. 📚 Learn more about Fee Simple and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Fee Simple definition: https://www.open-exam-prep.com/glossary/fee-simple 💡 Exam Tip: Fee simple = MOST COMPLETE ownership. Full bundle of rights: possession, control, enjoyment, exclusion, disposition. Fee simple absolute has NO conditions; fee simple defeasible HAS conditions. --- #real-estate #examprep #financeexam #real-estate-salesperson