An Oregon real estate power of attorney authorizes an agent to legally represent the principal regarding the purchase, sale, and management of a property. Additionally, the agent may also be given the right to refinance mortgages on the principal’s behalf. In most cases, this form is used to appoint a real estate agent to handle the closing of a real estate transaction and terminates after the deal has been completed. If no termination date is set, the document expires if the principal is incapacitated or dies. The principal can also terminate the power of attorney by issuing a written revocation.
Laws – Powers of Attorney (O.R.S. Chapter 127)
Signing Requirements – Notary Public (§ 93.670)
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