Updated on September 14th, 2022
A California real estate power of attorney names an individual (the “agent” or “attorney-in-fact”) who will be authorized to act on behalf of another person (the “principal”) for the purpose of purchasing, selling, or managing real property. Once the document has been executed, the attorney-in-fact will be able to sign documents, transfer property ownership, complete real estate transactions, and manage tenants as the principal’s representative, as permitted by the agreement.
In accordance with § 4123(b), powers of attorney may grant authority for the agent to be able to manage all of the principal’s real estate interests without needing to describe a description of each piece of property.
Statute – § 4123(b)
California General Power of Attorney – Grants an agent the general power to manage the principal’s property and financial affairs.