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

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How to make a power of attorney Decide which type of power of attorney to make. Choose your agent. Decide how much authority to give your agent. Obtain a power of attorney form. Complete the form, sign, and witness it ing to the laws in your state.
Choose a General Power of Attorney if you need someone to manage various aspects of your affairs. Opt for a Special Power of Attorney when you require someone to handle specific transactions, offering more control and lower risk of misuse.
Drafting The Letter Identify the Principal and Agent: State both parties full names, addresses, and contact information. Define the Scope of Authority: Specify what powers are granted and include limits if needed. Set the duration: Indicate the start and end dates or state whether the POA is durable.
The document must bear the signature of the principal. It is customarily notarized as well. If it involves the power to sell real estate, then the document must be notarized and recorded with the county. If its a health care POA (specifically, an advance directive), it must also be witnessed by 2 people.
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.
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A financial power of attorney generally costs between $200 and $500, depending on the complexity of the principals finances.

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