A power of attorney is a legal document that authorizes someone to act on your behalf regarding your banking, real estate and more…. Regarding real estate power of attorney these are used normally for a couple of reasons. This first being that one of the parties is out of the country at the time of closing a real estate transaction so a power of attorney authorizing someone else to act on their behalf can help close the transaction.
The second common reason a real estate power of attorney is used is when someone who owns a home for a long time and maybe is a little older wants to authorize a family member to act on their behalf because they don’t really understand the real estate process.
Watch this episode with Real Estate Lawyer Robert Adourian of Devry Smith Frank LLP where he will discuss what is a real estate power of attorney in Canada and more.
For more information on real estate closings or if you need a real estate lawyer, contact Robert Adourian
Devry Smith Frank LLP.
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