Real Estate Power of Attorney Forms
A real estate power of attorney is a legal document that enables a property owner to designate someone to manage transactions like buying, selling, managing, or refinancing their property. It's often used when a buyer or seller opts to have an attorney handle the execution of closing documents.
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How to Make a Real Estate POA
1. Choose Real Estate Authorities
A real estate power of attorney allows you to authorize someone for one or multiple property transactions. It's particularly useful for property management tasks like signing lease agreements, buying or selling properties, and evicting tenants.
For instance, a property owner might engage a management company to handle rentals and maintenance.
2. Define the Terms
If you're authorizing a single transaction, specify the start and end dates. For ongoing property management, you might prefer an indefinite term.
If you want the agent to retain their role if you become incapacitated, you can choose a ""durable"" power of attorney.
3. Executing the POA
After completion, both you and the agent need to sign the real estate power of attorney, following your state's signing requirements.
The Significance of POA
