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

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

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This document is a Limited Power of Attorney for real property in North Carolina, allowing the named agent to act on behalf of the principal regarding specified real and personal property. It grants general authority for financial transactions related to the property and is effective immediately, expiring automatically after one year unless otherwise specified. The document outlines the legal reliance on its validity and is governed by North Carolina law.

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How to use or fill out Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - North Carolina

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name as the Principal in the designated field. This identifies you as the person granting authority.
Next, fill in the name of your Agent, who will act on your behalf regarding the real estate transaction.
Specify the property location in North Carolina, including county and any identifying details necessary for clarity.
Review the Grant of Authority section. Ensure that it accurately reflects the powers you wish to grant your agent, including authority over real property and financial transactions.
Set an effective date for this power of attorney and specify an expiration date if desired. If no date is provided, it will automatically expire one year from signing.
Sign and date the document at the bottom. Ensure your name is printed clearly beneath your signature.
Finally, have a notary public witness your signature to validate the document legally.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can an attorney represent both parties in a real estate transaction in NC?

Yes. By custom, the lender and the buyer are usually represented by the same lawyer. Therefore, if the lawyer does not intend to represent both the buyer and the lender, the lawyer must give timely notice to the party that the lawyer does not intend to represent, so that this party may secure separate representation.

Can a realtor represent both buyer and seller in NC?

Dual agency is legal in North Carolina as long as both parties (e.g., seller and buyer) have provided written authority for the agent to represent both parties in the transaction. A dual agent owes the same fiduciary duties to both the principals in the transaction.

Who does the closing attorney represent in North Carolina?

[i]f the interests of the buyer and seller of residential property are generally aligned and the lawyer determines that he or she can manage the potential conflict of interest between the parties, the lawyer may represent both the buyer and the seller in closing a residential real estate transaction with the consent of

What is the difference between limited and specific power of attorney?

A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.

Do I need a power of attorney for closing?

If you are buying or selling assets and do not wish to appear in person to close the transaction, you may take advantage of a power of attorney. Another important reason to use power of attorney is to prepare for situations when you may not be able to act on your own behalf due to absence or incapacity.

Can a lawyer represent both clients?

Rule 7 of the Rules of Professional Conduct of the State Bar states that: A member of the State Bar shall not represent conflicting interests, except with the consent of all parties concerned.

Does North Carolina require an attorney for real estate closings?

Since North Carolina requires you to have a real estate attorney at closing, you dont need to engage a title company. However, your real estate attorney will be responsible for ensuring a clear and free title and for securing the proper title insurance for your purchase.

Can you use the same lawyer in a real estate transaction?

As per the laws of the Law Society, an attorney cannot represent both parties simultaneously to avoid any possibility of conflict of interest. This is because both the parties will pressured for better rates and higher profits. However, the parties are allowed to hire different lawyers from the same law firm.

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

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How to use or fill out Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - North Carolina

Complete this form in 5 minutes or less

Got questions?

Can an attorney represent both parties in a real estate transaction in NC?

Can a realtor represent both buyer and seller in NC?

Who does the closing attorney represent in North Carolina?

What is the difference between limited and specific power of attorney?

Do I need a power of attorney for closing?

Complete this form in 5 minutes or less

People also ask

Can a lawyer represent both clients?

Does North Carolina require an attorney for real estate closings?

Can you use the same lawyer in a real estate transaction?

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

Here's how it works

How to use or fill out Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - North Carolina

Complete this form in 5 minutes or less

Got questions?

Can an attorney represent both parties in a real estate transaction in NC?

Can a realtor represent both buyer and seller in NC?

Who does the closing attorney represent in North Carolina?

What is the difference between limited and specific power of attorney?

Do I need a power of attorney for closing?

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People also ask

Can a lawyer represent both clients?

Does North Carolina require an attorney for real estate closings?

Can you use the same lawyer in a real estate transaction?

Related links

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