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Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Ohio

Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Ohio 2025

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The document is a Special Power of Attorney for closing a real estate transaction in Ohio, appointing an Attorney-in-Fact to act on behalf of the seller. It grants the attorney full authority to execute necessary documents for the sale, including deeds and settlement statements, and to collect proceeds from the sale. The document includes provisions for ratification of actions taken by the attorney and specifies that it remains valid until revoked.

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What is the difference between power of attorney and power of estate?

The agent serving under your power of attorney only has power and authority to act during your lifetime. Conversely, the executor is a person who is appointed by the probate court to close out your estate when you pass away. The executor only has power to act after your death.

What three decisions cannot be made by a legal power of attorney?

When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.

Who chooses the attorney in a real estate transaction?

Established trust influences the decision on who picks the closing attorney. Sellers might prefer an attorney theyve worked with before who understands their preferences and legal expectations. However, buyers may select an attorney recommended by trusted sources such as friends or real estate agents.

Can you sell someones property if you have power of attorney?

A power of attorney must be certified before it can be registered with the county recorder if it grants the agent the authority to undertake property transactions on your behalf. It is also important to note that a power of attorney cannot have the agent or anyone within your healthcare parameters named as a witness.

Can you sell someones house if you have power of attorney?

Selling a property through the use of a power of attorney is a common practice, but its important to understand the role of power of attorney after death. After the principals death, the role of power of attorney ceases to exist, meaning POA can only be used to sell a property before the principals death.