Can anyone help me understand the concept of estates?
Hello,
I am taking my pre licensing real estate class and we are on the topic of estate. My brain is having a hard time wrapping around what exactly are estates and what are they even used for and who uses them?
How would you give examples of using estates? Like the fee simple estate, isn't that just basically becoming the owner of the property? I know this is probably a stupid question, but I am trying to really understand this. I appreciate any advice given from you.