Updated February 20, 2023
A Minnesota real estate power of attorney form is a legally binding document that allows the principal to select an agent to handle the care, sale, refinancing, rent, or leasing duties of their real estate property. The agent should be someone that the principal trusts. Regardless, this document provides the safeguards needed to ensure that the agent remains within legal guidelines.
Once the document has been completed, the form will require the signature of a notary public. It is worth noting that this paperwork may be revoked at any time by delivery of written notice to the agent and/or by creating a new power of attorney, which will render the current document legally invalid.
Laws
- Statutes – Chapter 523. Powers of Attorney
- Signing Requirements (M.S.A. § 523.01; M.S.A. § 507.24) – Notary Public.