Final answer:
Fee Simple Absolute, also known as Fee Simple or Ownership in Fee, is the highest form of ownership of a property in real estate law, granting the owner complete and unconditional ownership rights.
Step-by-step explanation:
Fee Simple Absolute, also known as Fee Simple or Ownership in Fee, is a legal term used in real estate law to describe the highest form of ownership of a property. It represents the complete and unconditional ownership of a property, with no limitations or conditions.
In other words, when someone owns a property in Fee Simple, they have the exclusive right to use, possess, and dispose of the property as they wish, subject only to applicable laws and regulations. For example, if a person owns a house in Fee Simple, they have the right to live in it, sell it, rent it out, or give it away without any restrictions, as long as they comply with local zoning laws and regulations.