Updated January 16, 2023
An Arizona real estate power of attorney is a document provided by a principal to grant permission for an agent or an attorney the ability to sell, acquire, manage or refinance a property on their behalf. Generally, the document is used to choose an agent to complete a closing once a sale has been agreed upon. However, it may also be used to allow another person to do real estate negotiations on behalf of the principal.
The document will require one (1) witness and an acknowledgment from a notary public to be present when the principal signs.
Laws
- Statutes – Powers of Attorney (§§ 14-5501 — 14-5507)
- Signing Requirements (A.R.S. § 14-5501) – One (1) Witness and Notary Public.