  We study algebras satisfying a two-term multilinear identity, namely one of
the form $x_1\cdots x_n=qx_{\sigma(1)}\cdots x_{\sigma(n)}$, where $q$ is a
parameter from the base field. We show that such algebras with $q=1$ and
$\sigma$ not fixing~1 or~$n$ are eventually commutative in the sense that the
equality $x_1\cdots x_k =x_{\tau(1)}\cdots x_{\tau(k)}$ holds for $k$ large
enough and all permutations $\tau\in S_k$. Calling the minimal such~$k$ the
degree of eventual commutativity, we prove that $k$ is never more than~$2n-3,$
and that this bound is sharp. For various natural examples, we prove that $k$
can be taken to be $n+1$ or $n+2$. In the case when $q\ne1$, we establish that
the algebra must be nilpotent.
