Ohio Real Estate (Property) Power of Attorney Form
The Ohio Real Estate (Property) Power of Attorney is a legal instrument which provides a means for an individual (referred to in law as the “Principal”) to exercise their right to appoint another party (their Agent) to either start, continue, or complete any range of real estate transactions in their stead. The Agent will be legally obligated to act in the best interests of the Principal whenever they are representing them in any capacity. In order to set the Agent up for success, it is the responsibility of the Principal to clearly state any relevant wishes, directions, and provisions in the Power of Attorney form.
State Laws & Signing Requirements
State Laws – Ohio Uniform Commercial Code
Signing Requirements (§ 1337.25 and § 1337.06) – Real estate Power of Attorneys arrangements that do not involve the transfer of personal property or the transaction of business simply need to be signed by the Principal and acknowledged by a Notary Public or other authorized individual.
Those that do need to be signed, acknowledged, and certified in a manner that reflects the mandatory guidelines noted in § 5301.01 of the Revised Code.