Jamie authorizes Amy to sell his house,but does not clarify about the compensation payable to Amy.What amount should be paid to Amy when she sells Jamie's house?

A) Nothing,since agency relationships are assumed to be gratuitous unless an agreement specifies compensation
B) An amount to be determined by arbitration
C) A fair value for the services performed
D) Ten percent of the sales price

Question

Angie Jackson · Accepted Answer

Final Answer : C, Explanation :  In the absence of a specific agreement on compensation, an agent who performs services for a principal is entitled to be paid a reasonable amount for their services, which is considered the fair value for the services performed.

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