Limited Power Of Attorney Georgia Real Estate

The georgia real estate power of attorney authorizes an agent to represent the principal in specific real estate related affairs.

Limited power of attorney georgia real estate.

A power of attorney for real estate transactions. Generally a limited power of attorney for purposes like selling real estate must contain your name the name of your agent and a description of the powers you are giving him. Georgia department of revenue motor vehicle division limited power of attorney motor vehicle transactions form t 8 rev. Georgia real estate power of attorney form is a document that is often used by a principal to select and empower an agent to assist with the purchase sale refinance and or management of real property the principal would complete the document to appoint an agent and should be prepared to define what the agent may do in his or her name.

It is important the issuing party the principal be as explicit as possible when describing what this agent may do in his or her name as per this document. Because it s limited in both time and scope it s a great tool when you want to give someone a very specific responsibility. The principal can through checking certain boxes in article 1 of the power of attorney document grant specific permissions to their agent. A real estate power of attorney is used to designate another individual to manage acquire mortgage refinance convey or to sell as an agent real estate broker realtor on behalf of the principal the form may be used in a durable manner which means that if the person that is delegating the power the principal becomes in a vegetative state incapacitated then the attorney in fact.

For example a limited power of attorney could give your agent authority to sell a particular piece of property for a set price. The georgia real estate power of attorney authorizes an agent to represent the principal in specific real estate related affairs. A power of attorney is a legal document that gives somebody else legal authority to enter into transactions and sign documents on your behalf. A special or limited power of attorney is a different kind of non durable power of attorney used in states like california for real estate transactions when the seller can t be present due to absence or illness.

Georgia limited power of attorney form is an official declaration of an individual s decision of granting limited powers to a friend relative or associate to act in a specific circumstance. The principal can through checking certain boxes in article 1 of the power of attorney document grant specific permissions to their agent.