Real Estate Word of the Day: Power of Attorney
A Power of Attorney is a legal document that grants one person (known as the agent or attorney-in-fact) the authority to act on behalf of another person (referred to as the principal). This authorization can encompass a wide range of activities, from making healthcare decisions to handling financial matters. In the context of real estate, a power of attorney is particularly valuable, enabling the agent to perform tasks such as signing documents, managing property transactions, and handling other property-related legalities on behalf of the principal.
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