Real Estate Power of Attorney

A Real Estate Power of Attorney is a legal document that authorizes an agent (attorney-in-fact) to handle specific real estate transactions on behalf of the principal (property owner). Key features include:

1. Limited scope, focusing solely on real estate matters

2. Can be general or specific to a particular property or transaction

3. Allows the agent to:

   – Buy, sell, or lease property

   – Manage rentals

   – Handle mortgage payments

   – Sign documents related to real estate

4. May be durable (continues if principal becomes incapacitated) or non-durable

5. Typically requires notarization and may need to be recorded with county offices

This document is useful for property owners who are unable to handle transactions in person, such as those living out of state or dealing with health issues. It’s important to choose a trustworthy agent and clearly define their powers. The principal can revoke the power of attorney at any time while mentally competent. Real estate professionals and lenders often require this document when the property owner cannot be present for transactions.