Updated September 21, 2022
A North Carolina real estate power of attorney form is a document used by a principal property owner to grant an attorney-in-fact the authority to handle real estate affairs on their behalf. The document is for “all financial transactions” related to the property, which covers selling, leasing, and any of the management tasks of the property, such as paying taxes, obtaining insurance, etc.
In accordance with state law, the form gives broad powers to a person to handle a principal person’s real property for a temporary period. If the principal does not establish an expiration date, the form expires within one (1) year of the effective date.
Laws
- Statutes – North Carolina Uniform Power of Attorney Act (§§ 32C-1-101 — 32C-4-403)
- Signing Requirements (N.C.G.S.A. §§ 32C-3-303, 32C-1-105) – Notary Public.