What is typically included in a freehold estate?

Study for the New Mexico Broker State Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

A freehold estate is a type of ownership interest in real property that is characterized by the holder's rights to the property for an indefinite duration. Typically, a freehold estate grants the owner full possession, control, and title to the property, meaning they have the right to occupy, use, and transfer the property as they see fit.

Possession refers to the physical occupation of the property, control encompasses the right to make decisions regarding the property's use, and title indicates legal ownership. Together, these elements define a comprehensive ownership experience, distinguishing freehold estates from other types of interests, such as leasehold estates, which do not confer complete ownership rights.

By including all three components—possession, control, and title—this answer accurately captures the essence of what constitutes a freehold estate. Other options do not encompass the full scope of rights associated with freehold ownership.

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