Amateur Question: Is buying this domain a one-time offer?

Currently thinking of buying a domain name from Sedo.com, but it's a 900 USD offer minimum. Does this mean it's a one-time offer? Or do I have to pay 900 every year? Or do I still need to pay a certain fee every year? Im not sure.

https://preview.redd.it/mu88mc93zwq61.png?width=1327&format=png&auto=webp&s=f08bafba4e180ed6f3d9894395e2b792ff9e68c6

submitted by /u/Herald_of_Zena
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