How do I use a power of attorney in a Florida real estate transaction?
A Florida real estate power of attorney is a legal document that gives a selected individual, attorney, or real estate agent permission to sell, buy, refinance, or manage real property in the name of its issuer. A power of attorney might be used if there was a reason the principal would be unable to complete a real estate transaction.
A durable real estate power of attorney gives the agent specific powers to sign for the principal in a real estate transaction. This might be used in a one-time sale or purchase of a specific home. A real estate non-durable power of attorney is typically written to grant powers for a particular transaction and for a specific period of time. It is a good option for help with a one-time sale or purchase of a specific home but adds a deadline for the transaction to take place.