Alberta Real Estate Licensing Exam Practice · Question
What is the 'fee simple' estate in land?
Fee simple represents absolute ownership of land, subject only to government rights like taxation.
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Question: What is the 'fee simple' estate in land?
Answer options: ✅ The highest and most comprehensive form of land ownership.
- A leasehold interest in a property.
- Ownership conditional on specific events.
- The right to use another's land for a specific purpose.
Correct answer: The highest and most comprehensive form of land ownership.
Explanation: Fee simple represents absolute ownership of land, subject only to government rights like taxation.
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