[dropcap]D[/dropcap]ear Terese,
I’m going to be helping my mother sell her home. I have Power of Attorney (POA). How will this affect the real estate transaction?
Peggy
Dear Peggy,
It can be an emotional time for the family, but since you already have the legal documents in place, the sale of property can move forward with listing the property with the person appointed as Power of Attorney. I can only follow the instructions of someone other than the property owner with a POA in place. The legal document authorizes me to discuss the transaction details including contract negotiations. The title company and our office will require a copy of the POA and identification verification of the person appointed.
Dear Terese,
I’m going to be building a new home with a builder in a new subdivision. The contract is very different from the standard 1-4 Family Residential Contract provided by TREC (Texas Real Estate Commission). Why do they have a different form?
Kevin
