The highest form of property ownership in the United States is:
Correct Answer
B) Fee simple absolute
Fee simple absolute is the most complete form of property ownership, giving the owner the maximum rights possible in real property.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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