 | Oregon Real Estate ONLY Power of Attorney Form |
The Oregon real estate only power of attorney form is a document that is prepared by a Principal who wishes to authorize an Agent powers so that they may act on behalf of the Principal with any business pertaining to the sale, purchase, refinancing, management or to perform any related transactions or any other specified act stated by the Principal. These powers would be granted in the event the Principal must be absent for an extended period of time or in the event of illness.
The Principal should read through the document before taking the time to complete it. If any portion of the document isn’t clear for any reason, the Principal may choose to consult with an attorney.
This document will require that all signatories be present and the document must be notarized before the document may be effective. The Principal may revoke this document at any time. Revocation must be in writing and must be delivered to the Agent(s)
How to Write
Step 1 – The Parties – Enter:
- The Principal’s name
- The Principal’s address
- City
- State
- AND
- The Agent’s name
- The Agent’s address
- City
- State
Step 2 – Assignment of Authority – The Principal must select and initial any or all of the following powers:
- 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. Select only one of the following:
- A commencement and ending date
- The non-durable option will be immediately available and would terminate when the Principal would either revoke the document, the Principal should become incapacitated, or at the death
- The durable option would become available immediately and only terminate if the document is revoked or by the death of the Principal
Step 4 – Article VI. Revocation and Signatures – must sign before a notary public – Submit the following:
- Submit a date of revocation of this document in dd/mm/yyyy format
- Provide the Principal’s signature
- Enter the Principal’s printed name
- AND
- Enter the Agent’s Signature
- Enter the Agent’s printed name
Step 5 – Affirmation by Witnesses – Read the affirmations. If in agreement:
- Enter printed name(s) of the witnesses in each affirmation paragraph
- Each witness must enter their signatures
- Printed name
Step 6 – Notarization –
Once the Notary Public has recorded the identifications of each of the signatories and witnessed their signatures, the notary will complete the remainder of the document in acknowledgement, also affixing the official seal
Step 7 – Acceptance by Agent – The Agent must read the acceptance. If in agreement:
- Enter the Agent’s Signature
- Print Agent’s Name
