Ownership
Fee Simple
A concise definition for the California Real Estate Exam study guide.
Definition
The broadest estate in real property — the owner has absolute ownership subject only to governmental and private limitations.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 1: Real Estate Ownership & Land Use →