An Iowa real estate power of attorney allows an individual to nominate a representative who may act in their place and make decisions on their behalf. Unlike a general power of attorney, this document only assigns powers relating to real estate transactions such as purchasing, selling, or leasing property. The document will be valid once signed by the principal (person making the document) and acknowledged in the presence of a notary public. Depending on the preferred term, the power of attorney will terminate upon either a designated date, the principal’s incapacity, or the principal’s death.
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