What must a buyer be to ensure the broker earns a fee?

The phrase "ready, willing, and able" is a well-established standard in real estate transactions that stipulates the necessary criteria for a buyer to ensure that a broker earns a commission. Being "ready" indicates that the buyer is prepared to engage in a purchase transaction, reflecting commitment. "Willing" suggests that the buyer has the desire to follow through with the transaction. "Able" signifies that the buyer has the financial capacity or means to complete the purchase.

These three components work together to create a complete picture of a buyer who is serious about making a property acquisition. If a buyer meets all these criteria, it provides justification for the broker to expect a fee for their services in seeking out and facilitating the sale, particularly since brokers typically receive commissions based on successfully connecting buyers with sellers.

Other answer options do not encapsulate the critical components necessary for a buyer's role in securing a broker's fee, making them less accurate in this context. For instance, while being "qualified and willing" implies readiness to buy, it does not explicitly cover the financial capability aspect, which is crucial for ensuring that a broker earns their fee. Similarly, being "informed and capable" lacks the essential willingness to engage in a transaction, and "decisive