A North Carolina real estate power of attorney is a legal instrument enabling an individual (the “principal”) to designate a representative (the “agent” or “attorney-in-fact”) for managing their real estate affairs. This document grants the agent authority for various tasks like selling, leasing, refinancing mortgages, and overseeing property management, including tax payments and insurance procurement.
The principal must clearly outline the agent’s scope of authority and decide whether the power of attorney is durable or non-durable, with non-durable power ceasing upon the principal’s incapacitation. For the agent to engage in property buying or selling, this document must be registered with the Register of Deeds in the county where the property is located.
Legal Considerations
Statute: § 32C-2-204.
Signing Requirements: Notary public (§ 32C-3-303, § 32C-1-105).
