Property Ownership and Land Use Practice Question

Question

A buyer and seller disagree about a transaction term involving fee simple ownership. Which statement best describes fee simple ownership? (Item 141)

Answer choices

1. A. Recognize that fee simple gives the broadest private ownership rights, subject to public and private limitations.
2. B. It is controlled only by local custom rather than by law, contract, or professional duty.
3. C. It is valid only when the buyer pays cash and no lender is involved.
4. D. It prevents any later disclosure, even when new facts become known.

Correct Answer

A. Recognize that fee simple gives the broadest private ownership rights, subject to public and private limitations.

Explanation

The correct answer is A because fee simple ownership requires candidates to recognize that fee simple gives the broadest private ownership rights, subject to public and private limitations. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.

Question details

• Difficulty: easy
• Domain: Property Ownership and Land Use
• Objective: fee simple ownership

Practice more

Start Property Ownership and Land Use practice

Back to Property Ownership and Land Use