What is the term for the commission negotiated under an Exclusive-Right-to-Buy Contract?

What is the term for the commission negotiated under an Exclusive-Right-to-Buy Contract?

• A. Success Fee
• B. Purchase Fee
• C. Brokerage Fee
• D. Agent Fee

Answer: (A)

The term for the commission negotiated under an Exclusive-Right-to-Buy Contract is referred to as a Success Fee. This fee is typically paid to the real estate agent or broker when they successfully facilitate the purchase of a property for their client. The Exclusive-Right-to-Buy Contract creates a binding agreement where the client commits to working exclusively with that agent, thus securing the agent's right to receive a commission upon completing the transaction. The concept of a Success Fee emphasizes the agent’s role in achieving a successful outcome, which is the purchase of the desired property. This distinguishes it from terms like Brokerage Fee or Agent Fee, which may refer to other types of fees in different contexts within real estate agreements. The Success Fee specifically ties to the successful acquisition of property, highlighting the pivotal nature of the agent's contribution to the buyer's goals.

The term for the commission negotiated under an Exclusive-Right-to-Buy Contract is referred to as a Success Fee. This fee is typically paid to the real estate agent or broker when they successfully facilitate the purchase of a property for their client. The Exclusive-Right-to-Buy Contract creates a binding agreement where the client commits to working exclusively with that agent, thus securing the agent's right to receive a commission upon completing the transaction.

The concept of a Success Fee emphasizes the agent’s role in achieving a successful outcome, which is the purchase of the desired property. This distinguishes it from terms like Brokerage Fee or Agent Fee, which may refer to other types of fees in different contexts within real estate agreements. The Success Fee specifically ties to the successful acquisition of property, highlighting the pivotal nature of the agent's contribution to the buyer's goals.