California Real Estate ONLY Power of Attorney Form | |
The California real estate only power of attorney form is a legal and binding document that is prepared by a Principal who holds title and ownership to real property. If the Principal is ill or will be in absentia for any reason, they may choose to delegate an Agent to oversee any real property sales, purchases, management, refinancing or any other duties associated with the real property. The Agent should be highly trustworthy and the Principal must be cautious about how they select the allowable powers. This document will require notarization. The Principal should be aware that the document may be revoked at any time in writing, delivered to the Agent(s).
How to Write
Step 1 – Selection of an Agent– Enter the following information:
- The Principal’s Name
- The Physical Mailing address
- Their State of Residence
- AND
- The Name of the Agent’s
- The Agent’s Physical Address
- The State of Residence
Step 2 – Article I – Assignment of Authority – The Principal may select one or all of the powers to be granted to the Agent from the following list:
- Sale of Real Estate
- Purchase of Real Estate
- Management of Real Estate
- Refinance of Real Estate
Step 3 – Article III – Term – The Principal will establish the term of the document from the following options:
- The Principal may select a beginning and expiration date (fixed)
- If non-durable option is selected, the document will become immediately available and shall only end if the Principal becomes incapacitated
- Should the durable option be chosen, the terms will begin immediately and will only terminate when the death of the Principal occurs
Step 4 – Article VI – Revocation –All signatories must only apply their signatures while standing before a licensed Notary and after presenting identification:
- Enter the date in which the document has been executed in dd/mm/yyyy format
- Enter Principal’s signature
- Enter the Printed name of the Principal
- AND
- Enter the Agent’s Name
- Enter the Agent’s Printed Name
- Enter the Witnesses Signatures
- Enter the Printed names of both Witnesses
- AND
Step 5 – Notary Acknowledgement –
As the document has been completed and all signatories have entered their signatures, witnessed by the Notary Public, the notary shall provide all of the proper required information.