What is Fee Simple Ownership in Real Estate?

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What is fee simple ownership in real estate? What does a fee simple ownership mean for the homeowner? What are the fee simple ownership right? Fee simple ownership refers to one's complete right and legal privileges over a real estate property.
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Also known as fee simple absolute, this form of ownership is the highest form of land ownership. If you own a property that is free simple absolute, then you have absolute right to all real property including land.
In this video, Robert Rico explains how fee simple works and what fee simple ownership (or absolute) means in regards to ownership.
#feesimpleownership #feesimple #feesimpleestate
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Опубликовано:

16 июн 2020

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Комментарии : 88

@USRealtyTraining Год назад

✅ 🎓💯Make studying for the real estate exam EASY: bit.ly/46L59T9

@jamesburnet Год назад

Thank you! 2 years later and you’re still helping man keep going!

@USRealtyTraining Год назад

Glad I could help! Thanks for watching for all this time. If you ever have a questions about something that pops up in your RE career, let me know.

@Kimmotion1 3 года назад

Thank you, thank you THANK YOU!!! This really cleared up the confusion regarding just what the heck fee simple ownership is. You explained it better than my RE course! Stay awesome.

@USRealtyTraining 3 года назад

Thank you for the very kind words, Kimmotion! I appreciate it! What RE course are you taking by the way?

@Ripenr32 3 года назад

Could you make a video that talks about Fee Simple Defeasible, Determinable, Subject to Subsequent? You're explanations are on point.

@USRealtyTraining 3 года назад

Thanks for watching, Ripen! And thanks for the video suggestions! I'll work with the content team to see if we can make these videos happen. Glad you enjoyed the video!

@Brnice74 Год назад

Did they make the video about it?

@ruthskerrett-santana643 3 года назад

I was having such a hard time for some reason with learning this topic. You helped me see it clearly. thank you!

@USRealtyTraining 3 года назад

You're very welcome! I'm glad you enjoyed watching and got so much out of this video, Ruth!! If you have one moment, please like this video, subscribe to the channel, and hit the bell icon! That's the best way to get notified when we release a new video. It also helps our channel grow so we can make more great content. Thanks again for watching and I hope to hear from you on another video!

@savepeace 3 года назад

A great SIMPLE way to explain, thank you!

@USRealtyTraining 3 года назад

Thank YOU for watching, Cesar. If you have a moment, please like this video, subscribe to the channel, and hit the bell icon. That's the best way to support this channel so we can continue to produce great content like this video. Thanks again for watching and I hope to hear from you again.

@dokomaulocalstringband7224 3 месяца назад

i love you videos. love the attitude so much fun. this video makes me enjoy learning. thank you so much

@USRealtyTraining 3 месяца назад

Glad you enjoy it! Thank you for watching!

@ChaseMilner1 4 года назад

Great video and excellent explanation!!

@USRealtyTraining 4 года назад

Hi, Chase! Thanks for watching!

@Corndog199 3 года назад

Thank you, this helped me so much!!

@USRealtyTraining 3 года назад

I'm so glad! Thanks for watching and don't forget to subscribe! Doing so helps support this channel.

@seanmurray9528 2 года назад

Love that Journey shirt, Rob!

@USRealtyTraining 2 года назад

You got good taste in music! Thanks for watching.

@ericriera6476 3 года назад

Great video! Can you make a video which talks about the difference between fee simple determinable and fee simple subject to condition subsequent? I would really appreciate it!

@USRealtyTraining 3 года назад

Thanks for the suggestion, Eric! I'll pass these ideas to the content team to see if we can make it happen. As always, thanks for watching the videos and thanks for being a channel subscriber!

@myokavango 3 года назад

Awesome teaching again! thank you so much. and yeah like you told me, I am checking for any difference between New Zealand real estate laws and states law. so far everything I have learned from you are the same in New Zealand. :)

@USRealtyTraining 3 года назад

That's fantastic! I'm glad you can apply this information to your home country! Thanks for checking out the channel. If you have any video suggestions, please let me know!

@deanamichele13 3 года назад

fabulous!! thank you. California licensee studying for Tennessee

@USRealtyTraining 3 года назад

Thanks for watching! Hope that you subscribed to the channel and hit that bell icon! Best of luck on the Tennessee state exam!

@teck6492 3 года назад

Thanks for the video, very helpful

@USRealtyTraining 3 года назад

You're welcome! I'm glad you enjoyed the video. If you enjoyed this one, make sure you subscribe to the channel for more videos like this one!

@laindiaaaxo 2 года назад

omg thank you! I'm studying for my exam and have been so confused lol I appreciate this so much

@USRealtyTraining 2 года назад

Glad I could clear things up. Thanks for watching, Natalie.

@gocpng4699 3 года назад

Good Video Really Helps To Have Illustrations Definitions And Scenario Breakdowns

@USRealtyTraining 3 года назад

Glad it was helpful! Thanks for watching, Go! If you have a moment, please like the video, subscribe, and hit the bell icon.

@77dead 4 года назад

Can we have a video on Freehold Estate? Awesome videos, you make everything easy to understand! Best teacher!

@USRealtyTraining 4 года назад

Thanks for watching and the video request! We'll see what we can do!

@Brnice74 Год назад

Nice video! Thanks

@USRealtyTraining Год назад

Glad you liked it! Thanks for watching.

@sarweenabdulla6243 2 года назад

Wow your strategy of teaching 👏 😳 👌 👍 absolutely great Thanks a lot 🙏 Please make more videos about tort and property 🙏

@USRealtyTraining 2 года назад

Good ideas! I'll work with my content team to see if we can make it happen. Thanks for watching, Sarween! Glad it was helpful.

@RE.MadStag 5 месяцев назад

I love your repetitive emphasis. Really helps hammer into my damn head 😂

@USRealtyTraining 5 месяцев назад

Glad it's helpful! Thanks for watching. Are you taking your exam soon?

@gmann7904 Год назад

Love how you break it down. now you mentioned two other types of fee simple. fee simple defeesable and simple fee life estate?. can you make of video explaining those? I'd really appreciate it

@USRealtyTraining Год назад

Sounds like a good idea - thanks for the suggestion. Also, thank you for watching! Hope you subscribe for more.

@MsNoriega310 4 года назад

Exciting video!!! Crazy but true ! Coming close to the final stretch of my last Course before I apply to take the State Exam I live breath eat sleep REAL ESTATE 😊 AND SOME😉

@USRealtyTraining 4 года назад

We love this comment! Thanks for watching, Patricia! Finish strong and stay strong for the State Exam! You got this! We wish you all the best on the exam and in your future real estate career. It sounds like you'll have an exciting career!

@MsNoriega310 4 года назад

@@USRealtyTraining You have no idea the amount of encouragement you give me ! It's not easy but with determination, consistency, AND a great daily study regimen. I am and will get it done. I am so proud to say that I will be working out of the Marina Del Rey Office ! Hard work truly pays off and I look forward to making dreams happen for so many Home Buyers , Again THANK YOU SO MUCH FOR ALL THE AMAZING SUPPORT AND FOR ALL OF THE AMAZING VIDEOS!!!!

@monicasmith936 2 года назад

Canada has free hold. America has fee simple. Big difference, never let anybody tell you they are the same! They are very different.

@adarshadasshrestha8417 6 месяцев назад

Do you get mineral rights in free hold property?

@Citlali0215 3 года назад

Can you have an Allodial title for your property in California ?

@dagtailgroundmaintenance Год назад

Hi There. If someone has the 'fee simple' title and someone else has the 'freehold' title for the same piece of land. Does the 'freeholder' have any right?

@glennsnare09 3 года назад

I don't understand how something can be considered fee simple if you are still subject to encumbrance by the state

@InJusticeAustralia 3 года назад

I concur! I would like clarification of this too please! For, if one “owns” (although one never “owns” any land, ever- what is paid for is the right to its use) then how can one ALSO be obliged to “comply with state laws”? Which, change often. so, what laws apply then, if one “owns” their land outright, in encumbered, say... 20 years ago, but, new state laws are brought in, that were not a requirement 20 years ago... Such as council rates/taxes. Does that mean that one must NOW pay them? Or, would one be exempt? Please offer some opinions only, I am not seeking legal advice to be clear. Thank you. Great video btw.

@winonaloveblossom2041 2 года назад

Can you hold land in "fee simple absolute" when there is a mortgage still due on the property? Or is this only for those who own their land outright?

@kwanchitse25 3 года назад

Question : If the property listed as Fee Simple only! What is it means legally? Absolute? Defensible? Or Condition?

@eightfourllc2484 3 года назад

Thank you for this video! From my understanding a freehold estate, fee simple ownership, and fee simple absolute are all and mean exactly the same?

@USRealtyTraining 3 года назад

Yep, these terms are used interchangeably. Thanks for watching and dropping a comment. Don't forget to like, subscribe, and hit that bell icon! That's the best way to get notified when we release a new video and it helps support our channel.

@ericfulda4196 3 месяца назад

What if if says its fee simple, but also part of a HOA that has CC&R's.

@johnmatsacos4692 2 года назад

So fee simple estate the same as fee simple title ? If i buy land in fee simple and i then own it absolutele payed with cash but then why am I told that I have to apply/beg to local council for planning permit then apply for building permit and so on ??? I believe that im only have right of use with conditions attached.

@tiendesign626 4 года назад

I was informed of this video by email, whereas I am a student. This was a great video, and before this I did read the section but didn’t fully understand until now. Thank you CA realty!

@USRealtyTraining 4 года назад

We're so happy this video was helpful! Thank you for watching and leaving a comment. If you have a moment, please like this video, subscribe to our channel, and hit the bell icon. That's the best way to get notified when we release new, helpful videos like the on you just watched. Thanks again!

@tiendesign626 4 года назад

@@USRealtyTraining All has been done :)

@vengeance2825 3 года назад

Fee simple absolute is still a State granted "privilege", meaning you still pay property taxes. Allodial Title is absolute ownership.

@USRealtyTraining 3 года назад

This is correct! Thanks for dropping the comment on the video. I'm glad you enjoyed it!

@fallofmanbrand 4 года назад

nice video bro

@USRealtyTraining 4 года назад

Thanks for watching!

@jestr44 4 года назад

Great video 👍 Question: Does that include building a small house at the backyard?

@USRealtyTraining 4 года назад

Great question. To absolutely know the right answer to this question, we recommend getting a legal opinion to identify the permissions you have with your land ownership.

@lidianigermano 3 года назад

Can anyone help me with me this question? A couple owns a property, and once one dies other gains the property in severalty, what is their current state of owning the property? 1. Life estate 2. Joint tenancy 3. Tenancy in common 4. Fee simple

@abro7827 Год назад

Does this mean that a freehold estate = fee simple estate?

@stantheman9002002 3 года назад

what's the difference between fee simple ownership and freehold estate? or is Robert Rico saying they're both the same?

@USRealtyTraining 3 года назад

I'm saying they're the same thing, Stan! You got this! Thanks for watching and I hope to hear from you on another video! Hit that bell icon!

@LOVESINSESSION 2 года назад

Whoever likes fee simple, than you will love an allodial title! He won't talk about this I think, because this is the best period. The questions is can you get one. You own nothing! Land is everything! With out an allodial title you own nothing. The bank owns you! Even after paying your death pledge.

@ixbe4813 3 месяца назад

😊

@USRealtyTraining 3 месяца назад

Thanks for watching!

@NEBBOUCHADDNEZAR 4 года назад

Hi Robert, I have read and heard that during the state exam there are NO math questions involved in CA. Do you have any information regarding this awesome news? Thank you so much. Mario F.

@USRealtyTraining 4 года назад

Hi, Mario! There is a rumor going around saying that there is no math on the State Exam. However, we would recommend studying up because this rumor is not guaranteed. Hope that helps and thank you for watching the video!

@NEBBOUCHADDNEZAR 4 года назад

@@USRealtyTraining Roger that and thank you so much. I just finished your study course and I am getting ready to apply for my state exam!!!