Agency
Gratuitous agency is an agency relationship created:
AFor compensation only
BWithout any compensation to the agent✓ Correct
CBy operation of law
DBy court order
Explanation
A gratuitous agency is one where the agent agrees to act on behalf of the principal without compensation. It is still a valid agency but without a pay obligation.
Related Alabama Agency Questions
- An Alabama real estate agent who represents a client in a transaction and also has a financial interest in the outcome should:
- A real estate agent's authority to bind their principal in a contract is known as:
- In Alabama, a real estate agent must disclose to a prospective buyer that they have a personal financial interest in a property they are selling. This disclosure must be:
- The duty of 'accounting' in a real estate agency relationship requires the agent to:
- Apparent authority of an agent arises when:
- Which fiduciary duty requires an Alabama agent to put the client's interests above their own?
- The duty of 'accounting' in a fiduciary relationship requires an agent to:
- In Alabama, a 'facilitator' (also known as a transaction broker) owes which of the following duties?
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