Certified Relocation Professional (CRP) Practice Exam

What do transferees who reject a company's buyout offer receive in a typical domestic home purchase program?

1. A lump sum payment

2. The option to rent their residence

3. Reimbursement of the broker's commission

4. Two new appraisals

The correct answer is: Reimbursement of the broker's commission

Transferees who reject a company's buyout offer typically receive reimbursement of the broker's commission as part of the standard procedures in a domestic home purchase program. This is implemented to alleviate some of the financial burden on the transferee who has decided not to accept the buyout option. The company generally seeks to support the transferee during their relocation journey. If they choose not to accept the buyout, providing reimbursement for the broker's commission is a form of support. This acts as an incentive for transferees to engage with real estate professionals and helps in facilitating the sale of their home—thereby ensuring a smoother transition when they relocate. In contrast, other options such as a lump sum payment, the option to rent their residence, or receiving two new appraisals would not typically apply in this situation. A lump sum is generally offered as an incentive or support package rather than as a standard response to a rejection. Renting is usually not a part of the buyout process and appraisals are generally conducted regardless of acceptance or rejection of a buyout offer. Thus, reimbursement of the broker's commission stands out as the appropriate choice in this scenario.