California Real Estate Practice Exam

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The type of ownership that provides the most complete bundle of rights is

  1. leasehold estate

  2. life estate

  3. fee simple absolute

  4. joint tenancy

The correct answer is: fee simple absolute

A fee simple absolute ownership provides the most complete bundle of rights because it gives the owner full control over the property, including the right to sell, lease, or pass the property to heirs. Leasehold estate and life estate offer limited rights and joint tenancy is a form of shared ownership, where the rights to the property are divided among the co-owners. Therefore, they do not provide the complete bundle of rights that comes with a fee simple absolute ownership.

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