When looking at property listings you will notice that there are 3 different property ownership types.The 3 types are fee simple, co-op, and condo.Condo means that you essentially own a small section of the big structure.Fee simple means you get a separate undivided interest in a property, such as a house or a town house.A co-op is completely different as it has the feel and look of a condo but you actually buy a share of the structure.You do not technically own any real estate, its more like stock in a building.