A Delaware real estate power of attorney is designed to grant certain real estate powers to an attorney-in-fact. The individual creating the power of attorney, the “principal,” should select an agent who has experience as a realtor or is knowledgeable in real estate law. Furthermore, the agent should be someone trustworthy, as they will be dealing with real estate purchases, sales, leases, transactions, deeds, and other assignments on behalf of the principal.
The principal has the option of bestowing all powers related to real estate to the agent or one (1) or more specific powers, such as the closing of a property sale. A real estate power of attorney can be revoked at any time by the principal and will be void upon its termination or upon the creation of another real estate power of attorney document.
Laws – § 49A-204
Signing Requirements – Notary Public and One (1) Witness (§ 49A-105)
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