Real Estate Power of Attorney Form | Illinois
FillUpdated on May 5th, 2023
An Illinois real estate power of attorney form is designed for the specific purpose of enabling an attorney-in-fact to close on a sale, purchase, or refinance a property. The selected representative will be able to sign on behalf of the principal and collect any applicable funds.
Each form executed about the real estate transaction will be completed under the name of the principal but will bear the signature of the attorney-in-fact.
Laws
- Statute – 755 ILCS 45/Art. II (Illinois Power of Attorney Act)
- Signing Requirements ((755 ILCS 45/3-3(b)) – The real estate power of attorney form must be signed by a witness and notarized.
