If you purchase a home and have all the rights of ownership, including the right to sell and to convey the property to heirs at your death, what type of estate is this?

The correct answer is the fee simple estate, which is the most complete and highest form of property ownership. When you purchase a home and possess all the rights of ownership, including the right to sell, lease, or bequeath the property upon your death, you are typically holding a fee simple estate. This type of estate is characterized by its permanence and lack of restrictions, allowing the owner full control over how the property is used, transferred, or passed on.

In contrast to other types of fee simple estates, such as fee simple defeasible, fee simple determinable, and fee simple subject to a condition subsequent, the fee simple estate does not include any conditions or limitations on ownership. A fee simple defeasible or determinable would include specific conditions that, if not met, could result in the loss of title. Similarly, a fee simple subject to a condition subsequent also imposes restrictions that may require the owner to forfeit the property under certain circumstances.

Thus, a fee simple estate provides the highest degree of ownership rights, making it the correct answer in this context.