Today’s real estate word of the day is fee simple, that is Shana Acquisto, she’s a luxury real estate broker and she’s going to go ahead and define the word for us.
Fee simple is the greatest possible interest a person can have in real estate.
Very good. And then I’ll go ahead and use it in a sentence. Right. Fee Simple is the traditional type of ownership that somebody has when they own real estate in the state of Texas. OK. All right. Very good. And quickly discussing it. Anything in particular? Uh, no, I mean, it’s pretty simple.