An Oregon real estate power of attorney legally appoints an agent to manage a principal’s real estate transactions, including selling, buying, mortgaging, and managing property. The agent can act without prior consultation, emphasizing the need for a trustworthy appointee.
The powers granted can be durable, remaining in effect even if the principal becomes incapacitated, or non-durable, ending if incapacitation occurs. This document exclusively pertains to real estate matters. Decisions made by the agent should reflect the principal’s intent as if they were present.
Legal Considerations
Statute: ORS §§ 127.002-127.045.
Signing Requirements: The power of attorney must be acknowledged by a notary in order to record land conveyances. (ORS § 93.670).
