A person who holds a fee estate interest in real estate has the right to:

A fee estate, often categorized as a fee simple absolute, is the most complete form of ownership in real estate. It grants the holder extensive rights over the property, including possession, control, and disposition of the property. This type of estate is characterized by the ability to occupy the property indefinitely, as the holder is not limited by a set term.

The right to use the property is not constrained to a specific term, which is why the option about occupying for a term does not accurately represent the essence of a fee estate. Additionally, the holder can transfer ownership to heirs upon their passing, but this is a derivative of the broad rights associated with a fee estate rather than a core aspect of ownership. Finally, while the property can certainly be used for commercial purposes, limiting the use to only commercial endeavors would not encompass the full rights granted by a fee estate, as the holder also has the option to utilize the property for residential purposes or any lawful activity. The key takeaway is that a fee estate empowers the owner with indefinite possession and comprehensive control over the property.