Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Course 2 Exam with our comprehensive practice tests. Study with flashcards, multiple choice questions, and detailed explanations to ensure you are ready for exam day!

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What is a fee simple estate?

  1. A type of estate with limited rights, as suggested by the term "simple".

  2. Equivalent to a leasehold estate.

  3. Ownership with unlimited rights and no restrictions.

  4. The highest form of real property estate.

The correct answer is: The highest form of real property estate.

Fee simple estate is the correct answer because it is the highest form of real property estate. Fee simple estate grants the owner unlimited rights and control over the property with no restrictions. It provides the most complete and full ownership interest one can have in real estate. This ownership is not limited by the duration of time or by any other entity.

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