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Alaska Real Estate Power of Attorney Form

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Alaska Real Estate Power of Attorney is a written tool that provides the permission of a principal, for an agent/attorney-in-fact to assume the responsibility of the purchase, sale, management and/or acquisition or otherwise, of real estate business and/or transactions. Should the principal, at any point become unable to personally tend to their estate or financial affairs, this document will legally allow the agent to continue with the business of the principal’s real estate, as instructed in the document. This document will require the signatures of two witnesses and the acknowledgment of a notary public.

Laws – Title 13, Chapter 26, Article 5 (Powers of Attorney)

Signing Requirements (§ 13.26.600): Notary Public

How to Write

1 – Download The Alaska Real Estate Power of Attorney

This form is easily accessible by selecting one of the buttons below the image on the right. Three are presented as a choice for the file type you wish to work with (PDF, ODT, Word). Select the one appropriate for your needs then save the file presented.

2 – The Parties

Enter the full name of the Principal on the blank space preceding the words “Full Name,” then report the Principal Street Address. This must be composed of the Building Number, Street, and (if applicable) Apartment Number where the Principal is physically located.

To complete the Principal Address, report his or her City and State on the spaces following the terms “City of” and “State of” (respectively).

Next, after the phrase “hereby appoint,” enter the Full Name of the Attorney-In-Fact or Agent the Principal intends to bestow Authority regarding his or her Real Estate matters.

Then on the next available space, preceding “[Street Address]” enter the Building Number, Street Name, and Apartment Number of the Attorney-In-Fact.

Finally, complete the Agent’s Address by entering his or her City and State in the appropriate areas’

3 – Article I – Assignment of Authority

There are several general areas in Real Estate where Authority may be granted. The Principal must select the powers they would wish to allow by Initialing the blank space and marking the check box corresponding to the Statement defining the Authority the Principal is granting. The Principal may choose one or all of these areas to allow the Agent.

Sale of Real Estate. The Principal must Initial and check the box for this selection if he or she authorizes an Agent to all the powers in this description. Also, the Principal’s Property this applies too must be supplied in the first blank space of this paragraph and a Legal Description of said Property must be supplied in the second blank space.

Purchase of Real Estate. The Principal must provide his or her Initials and check the box if he or she authorizes an Agent to all the powers defined in this paragraph. The concerned Property’s Physical Address and Legal description must be documented on the first and second blank lines in this paragraph.

Management of Real Estate. The Principal must Initial the blank space then mark the check box if he or she authorizes an Agent to all the decision making powers defined in this statement. The Principal Property Physical Address and Legal Description these powers apply to must be entered on the appropriate blank spaces.

Refinancing. If the Principal wishes the Agent to Act with Authority on his or her behalf regarding Refinancing issues, then he or she must Initial and check this selection. There will be two blank lines in this selection. On the first report the Principal Property Physical Address then, on the second blank line, report the Legal Description of that property.

4 – Article III – Term

The next area requiring attention will seek to define the time period the Agent will retain Principal Authority.

If this Authority will terminate on a specific day, locate the first choice “a,” the Principal must initial the blank space here and mark the check box. The Calendar Day of Termination must be listed on the first blank space. Then, on the second blank space, report the Month of Termination. Finally, on the last blank space, report the two-digit Year of Termination.

If this Authority is meant to Terminate immediately upon the Principal’s incapacity, death, or revocation, the Principal must Initial the second choice (“b”) and mark the check box.

If this Authority is not meant to terminate unless the Principal revokes it or passes away, he or she must Initial the third choice (“c”) and mark the check box.

5 – Article VI – Revocation

The Principal must physically Sign Date this document, Sign his or her Name, and Print his or her Name in the presence of two Witnesses and a Notary Public.

Under the heading “Article IV. Revocation,” the Principal locate the first blank space (following the term “…this instrument this”) then enter the Calendar Date of the Signing. On the next blank space, the Principal must enter the Month of Signing. On the third blank space, the Principal must enter the Two-Digit Calendar Year of Signing.

The Principal must Sign and Print his or her Name in the appropriate areas.

The Agent must Sign and Print his or her Name in the appropriate spaces

In Affirmation by Witness 1, the Witness must enter his or her Name on the first blank line, Sign the “Witness 1 Signature” line, and Print his or her Name in the appropriate areas.

In Affirmation by Witness 2, the second witness must also report his or her name on the first blank line, Sign the “Witness 2 Signature” line, and Print his or her Name.

The last page of this document, “Notary Acknowledgment,” has been provided as a matter of convenience since this document must be Notarized. The Notary Public tending to this signing is required, and is the only party who is allowed, to fill in the information in this section. This page must bear the Notary Seal once all the information has been filled in.

 

Once the Notary Public has witnessed all signatures, the notary will complete the remaining portion of the form. The document will be acknowledged by affixing their state seal.

The last page requires the Agent to Sign and Print his name to verify his or her acknowledgment. This should be done after the Agent has read the “Acceptance Of Agent”


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