Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with tailored quizzes and study materials. Test your knowledge with multiple-choice questions designed to help you excel in your real estate career. Get ready to pass your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following describes a fee simple absolute in possession?

The most complete form of ownership with no limitations or conditions.
Ownership with specific use conditions attached.
Temporary ownership for a specific period.
Ownership with rights subject to community development rules.
Conditional ownership based on usage compliance.
Ownership transferred upon death to designated heirs.

The correct answer is: The most complete form of ownership with no limitations or conditions.

A fee simple absolute in possession is the most complete form of ownership with no limitations or conditions. This means that the owner has the full bundle of rights associated with real property ownership, including the right to possess, use, enjoy, and dispose of the property as they see fit. Option B is incorrect because ownership with specific use conditions attached would not be classified as a fee simple absolute. Option C is incorrect because temporary ownership for a specific period would not be a fee simple absolute. Option D is incorrect because ownership with rights subject to community development rules would not be a fee simple absolute. Option E is incorrect because conditional ownership based on usage compliance would not be a fee simple absolute. Option F is incorrect because ownership transferred upon death to designated heirs would be related to inheritance rights, not fee simple absolute ownership during one's lifetime.