A Wisconsin real estate power of attorney is a legal document property owners use to authorize a third party (an “agent” or “attorney-in-fact”) to manage or transact real estate in their absence. The principal outlines the scope and duration of the attorney-in-fact’s authority and specifies if it’s durable or nondurable.
Depending on the principal’s instructions, the agent may be able to handle refinancing tasks, collect rent, manage properties, and buy/sell real estate. This arrangement is beneficial if the principal is preoccupied or unable to direct their real estate transactions themselves.
Legal Considerations
Statute: Wis. Stat. § 244.44.
Signing Requirements: Notary public (Wis. Stat. § 244.05).
