Virginia Real Estate ONLY Power of Attorney Form

The Virginia real estate only power of attorney form is a document that is prepared by a Principal to authorize an Agent powers, to allow the Agent to act on behalf of the Principal with regard to business management, sales, refinancing and any transactions. The Principal should read through the document before completion. If any portion is unclear, contact an attorney for clarification or assistance in completion of the form. Signatures to this form must be witnessed. The document may be revoked at the discretion of the Principal

How to Write

Step 1 – The Parties – Complete the following:

  • Principal’s name
  • Principal’s address
  • City
  • State
  • AND
  • Agent’s name
  • Agent’s address
  • City
  • State

Step 2 – Assignment of Authority – The Principal must initial the lines preceding the selected powers. Select any of the following:

  • Sale of Real Estate
  • Purchase of Real Estate
  • Management of Real Estate
  • Refinancing

Step 3 – Article III Term – Establish the Term of the document. Select one of the following options as provided on the document:

  • A commencement and termination date
  • The non-durable option – available as of the date of execution of the document and would terminate only in the event the document has been revoked, the Principal becomes incapacitated or the Principal dies
  • The durable option would become available immediately. Termination will occur only if the document is revoked or by the death of the Principal

Step 4 – Article VI. Revocation and Signatures –

  • Date of revocation in dd/mm/yyyy format
  • Principal’s signature
  • Principal’s printed name
  • AND
  • Agent’s Signature
  • Agent’s printed name

Step 5 – Affirmation by Witnesses –

  • Enter printed name(s) of the witnesses
  • Witnesses signatures
  • Printed names

Step 7 – Acceptance by Agent – The Agent must read the acceptance:

  • Agent’s Signature
  • Print Agent’s Name