 | Oklahoma Real Estate ONLY Power of Attorney Form |
The Oklahoma real estate only power of attorney form is a legal document that permits a Principal to elect and designate an Attorney In Fact/Agent to oversee to the Principal’s real property. The Agent would handle the management, refinancing, sale, purchase, refinancing of property, and any need transactions required to complete on the Principal’s behalf. This document shall not allow any other powers to the Agent. The Agent will have not be granted any permission to participate in making any health care decisions. Nor would the Agent be granted any powers to make decisions with regard to the Principal’s finances or personal property.
The named Agent will be expected to conduct the Principal’s transactions pertaining to the property as if the Principal were present and able to conduct their management and business on their own.
The signatures to be submitted to this document must be entered before a Notary Public. This document may be revoked at any time the Principal chooses, in writing and delivered to the appointed Agent.
How to Write
Step 1 – The Parties – Enter the following information:
- The Principal’s name
- The Physical Address
- City
- State
- AND
- Enter the appointed Agent’s name
- Agent’s Complete Address
- City
- State
Step 2 – StateArticle I. Assignment of Authority – The Principal must check and initial one or all of the stated powers that the Principal would care to grant to the Agent:
- Sale of Real Estate
- Purchase of Real Estate
- Management of Real Estate
- Refinancing
Step 3 – Article III. Term – The Principal must establish the term of the document. The Principal must select only one option from the following options. Initial the line and check the box:
- The Principal may choose to select a commencement date and expiration date
- Non-Durable – The document shall become immediately available and will only terminate upon the incapacity, revocation or the death, of the Principal
- The Durable option: The document would become immediately available to the Agent. The document shall only terminate if the Principal chooses to revoke the powers to the Agent, or upon the death of the Principal
Step 4 – Article VI. Revocation (Signatures) – All parties to sign the document must be present before a Notary Public
- Date all of the signatures in mm/dd/yyyy format
- Principal must enter their signature
- Principal’s printed name
- AND
- Provide the Agent’s signature
- Agent’s printed name
- AND
Witness Information –
- Both witnesses must read the paragraphs provided
- EnterWitnesses printed names
- Submit Witnesses respective signatures
- Provide Witnesses printed or typed names
Step 5 – Notarization –
The Notary Public, shall witness all signatures. The Notary shall then complete all of the required information acknowledging signed document
Step 6 – Acceptance of Agent –
- The Agent must review and agree to the statement
- Provide the Agent’s Signature
- Enter the Agent’s printed name
