Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - District of Columbia: Fill out & sign online

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How to use or fill out Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - District of Columbia

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Click ‘Get Form’ to open it in the editor.
Begin by entering your full name and address in the designated fields at the top of the form. This identifies you as the Principal.
Next, appoint your Attorney-in-Fact 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 Attorney-in-Fact can execute necessary documents for closing, including deeds and settlement statements.
Provide a legal description of the property involved in the transaction. If needed, attach Exhibit A with detailed information.
Sign and date the document at the bottom, ensuring all required signatures are included. Don't forget to have it notarized for validity.

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Can you give your realtor power of attorney?

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

What do you need for a power of attorney in DC?

A power of attorney in real estate grants an agent the authority to make specific real estate transactions on the principals behalf. For example, a principal may sign a power of attorney for property to authorize their agent to sell one of their real properties if they are unable to complete the sale themselves.

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

Specificity is Key in Powers of Attorney These documents will remain in effect until the creator rescinds the order or the subject dies. By contrast, a limited power of attorney grants only specific powers to the holder.