In most commercial purchases of real estate,the deed conveys a(n):
A) fee absolute interest.
B) ownership unlimited.
C) joint tenancy.
D) fee simple interest.

Question

Quizplus · Accepted Answer

The most common type of ownership interest conveyed in a commercial real estate purchase is a fee simple interest, which gives the buyer full and complete ownership of the property. This is often referred to as "fee simple absolute," which is why choice A could also be a possible answer. Choices B and C are not typical ownership interests conveyed in commercial purchases.

In Most Commercial Purchases of Real Estate,the Deed Conveys A(n)