Real Estate Salesperson License Exam
Property Ownership Practice Questions
1 practice questions with detailed explanations — aligned to the Real Estate Salesperson License Exam.
Q1.Which type of ownership provides the greatest degree of control and is of unlimited duration?
A.Life estateB.Fee simple absoluteC.Leasehold estateD.Fee simple defeasibleB. Fee simple absoluteExplanation: Fee simple absolute is the highest form of property ownership. It is of unlimited duration, freely transferable, and inheritable. The owner has full control over the property, subject only to government restrictions and private restrictions of record.
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