Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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!

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What is a fee simple estate?

A type of estate with limited rights, as suggested by the term "simple".
Equivalent to a leasehold estate.
Ownership with unlimited rights and no restrictions.
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.