A person who has complete control of a parcel of real estate is said to own which type of estate?

A person who has complete control of a parcel of real estate is said to own a fee simple estate. This type of estate represents the highest form of ownership in real estate and includes several key rights. The owner has the right to possess, use, and transfer the property as they see fit, and their ownership is not limited in duration. In a fee simple estate, the owner can also pass the property on to heirs without restriction. This level of control and permanence distinguishes it from other forms of estate, such as leasehold estates, which entail only temporary possession under specific conditions, or life estates, which limit ownership to the duration of the owner’s life. Similarly, a defeasible free estate allows ownership with conditions attached, meaning there are circumstances under which the estate can be lost or reverted. Thus, fee simple estate ownership encapsulates comprehensive control and permanence over the property, making it the correct answer.