Michigan Real Estate Salesperson Exam — All Questions

An owner holds property in fee simple absolute. Which statement best describes this estate?

• a.It automatically ends when the owner dies and cannot be willed
• b.It lasts only for the life of a named person
• c.It is the highest and most complete form of ownership, of potentially infinite duration✓
• d.It gives the holder only the right to use the land but not to sell it

Fee simple absolute is the greatest estate in land: it is inheritable, of indefinite duration, and freely transferable. A life estate ends at death, and lesser estates carry conditions; fee simple absolute has none.