A California real estate power of attorney is a legally binding document that authorizes an appointed agent to handle specified real estate transactions on behalf of the principal, including buying, selling, leasing, managing, or refinancing properties. The document should clearly outline any limitations or conditions imposed on the agent’s powers to prevent potential misuse or misunderstanding.
Agents are able to manage all of the principal’s real estate interests without the need for individual property descriptions. Additionally, revocation can occur at any time, either through written notification or by issuing a new document specifically for real estate matters.
Legal Considerations
Statute: Prob. Code § 4123(b).
Signing Requirements: Notary public or two witnesses (Prob. Code § 4121). A notary is required if the agent needs to record real estate instruments (Gov. Code § 27287).
