A Wisconsin real estate power of attorney is used to enable an individual (the “principal”) to allow a secondary party (the “agent”) to manage real estate transactions on their behalf. The selected agent will be given the power to purchase and sell real estate, as well as refinance a property, collect rent, and perform any other duties related to property management. By selecting the non-durable option in the form, the principal can choose to have the power of attorney terminate in the event they become incapacitated. The document will only be considered legally valid once signed by a notary public.
Statute – § 244.44
Signing Requirements (§ 244.05) – Notary Public
Wisconsin General Power of Attorney – Grants an appointed representative the general authority to act on behalf of the principal regarding financial matters.