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What is a fee simple estate?

  1. Highest form of ownership

  2. Property ownership shared with the government

  3. Temporary property lease

  4. Shared ownership with relatives

The correct answer is: Highest form of ownership

A fee simple estate is the highest form of ownership one can have in real property. It provides the owner with the most rights and control over the property, including the right to sell, lease, gift, or pass the property to heirs. This type of ownership is not shared with anyone else, including the government or relatives. Therefore, option A is the correct choice as it accurately describes a fee simple estate.