A Colorado real estate power of attorney is a legal instrument granting an agent authority to manage real estate affairs on behalf of the principal. This document enables individuals to designate someone to handle transactions involving their properties within the state. Specific powers granted to the agent may include buying, selling, leasing, or managing real estate assets.
To ensure validity, the form must comply with state requirements, typically involving notarization and adherence to statutory guidelines. Additionally, the document may specify whether it is durable, meaning it remains valid even if the principal becomes incapacitated.