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

Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Illinois 2026

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The document is a Special Power of Attorney for closing a real estate transaction in Illinois, allowing the appointed agent to act on behalf of the principal in executing necessary documents and managing the sale of a specified property. It outlines the powers granted to the agent, responsibilities, and legal implications, including requirements for witnesses and notary acknowledgment.

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

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name and address in the designated fields at the top of the form. This identifies you as the Principal.
Next, appoint your Agent by filling in their name and address. This person will act on your behalf during the real estate transaction.
In the section detailing powers granted, specify that your Agent has full authority to execute necessary documents for closing the sale of your property. Ensure you include the property's common address.
Attach Exhibit A with the legal description of the property being sold, ensuring all details are accurate.
Sign and date the document at the bottom, then have it notarized to validate your Power of Attorney.
Finally, ensure that two witnesses sign and print their names and addresses as required by Illinois law.

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Does an Illinois power of attorney for property need to be docHubd?

(NOTE: This power of attorney will not be effective unless it is signed by at least one witness and your signature is docHubd, using the form below. The notary may not also sign as a witness.)

Does Illinois require an attorney for real estate transactions?

You arent required to have an attorney for a real estate closing in Illinois, but having one is a good idea. An experienced attorney will know how to spot and resolve any potential legal issues. Your lawyer will advocate for your interests and prevent you from signing a contract that doesnt meet your needs.

Can a POA sell real estate?

A Power of Attorney (POA) can sell property before death if explicitly authorized in the document, but authority ends immediately upon death. When selling property, POA agents must provide proper documentation, follow legal requirements, and always act in the principals best interest.

What is a limited power of attorney for property in Illinois?

An Illinois limited power of attorney is a legal document that lets individuals choose someone else to manage certain aspects of their finances or estate. The person creating the form (principal) should clearly define the tasks the representative (attorney-in-fact) has the authority to carry out.

Does a POA need to be docHubd in Illinois?

The document must be docHubd. So you will need to have the notary present when you sign. Effective January 1, 2024, electronic signatures are permitted in certain power of attorney documents. A notary or witness can be electronically present to electronically sign.

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What makes a power of attorney legal in Illinois?

Legal Requirements for a Valid POA-HC in Illinois Be signed by the principal while they are still mentally competent. Be witnessed by at least one adult who is not the agent, healthcare provider, or someone responsible for the cost of care. Clearly state the agents powers and any limitations imposed by the principal.

Does an Illinois POA require a witness?

A POA in the State of Illinois must be signed by at least one witness to be valid. There can be more than one witness if a principal so chooses. This requirement must be met whether or not a person decides to draft their own POA or use the SSF in the ILPOAA.

How to file a power of attorney in Illinois?

Steps for Making a Financial Power of Attorney in Illinois Create the POA Using a Statutory Form, Software, or Attorney. Sign the POA in the Presence of a Notary Public. Store the Original POA in a Safe Place. Give a Copy to Your Agent or Attorney-in-Fact. File a Copy With the Recorder of Deeds.

Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Illinois 2026

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