What does "fee simple absolute" ownership guarantee?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

"Fee simple absolute" ownership is recognized as the most complete form of property ownership available. It guarantees that the owner has an indefinite duration of ownership, meaning that the property can be owned with no limitations or end date. The owner has the right to possess, use, and transfer the property as they choose, without any conditions attached that could terminate their ownership.

This type of ownership is not subject to any time constraints or future events that could diminish the owner's rights. Hence, a fee simple absolute provides the highest level of ownership interest, enabling the owner to fully enjoy their property rights, passing it on to heirs or selling it without restriction. This undivided interest establishes a strong legal footing for a property holder, ensuring full independence and control.

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