What is Fee Simple Ownership in Real Estate?

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?
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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.

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