An Arizona real estate power of attorney is a legal document that empowers an agent to manage real estate matters on behalf of the principal. The form grants the agent authority to sign documents, negotiate terms, and make decisions regarding real estate transactions for individuals unable to handle their affairs personally due to illness, absence, or incapacity.
The document offers options for both limited-duration and indefinite appointments. The principal can opt for durability, ensuring continuity of authority, while non-durable agreements automatically terminate if the principal becomes incapacitated.
Legal Considerations
Statute: Arizona Revised Statutes, Powers of Attorney (§ 14.5501 – § 14.5507).
Signing Requirements: Notary public and one witness (§ 14-5501(D)).
