Oregon Real Estate (Property) Power of Attorney Form
The Oregon Real Estate (Property) Power of Attorney is a form that grants another party, known as the Agent or Attorney-in-Fact, with the legal authority to conduct transactions related to real estate affairs on behalf of another party, known as the Principal. The Principal may be any capable individual who has real estate transactions that they are unable to handle all by themselves. To make it clear to the Agent what these transactions comprise of, the Principal should use the form to clarify which circumstances the Agent is permitted to exercise their authority, as well as those they are not.
State Laws & Signing Requirements
Signing Requirements (§ 93.670) – State law requires that a Power of Attorney “containing a power to convey lands, as agent or attorney for the owner of such lands, and every executory contract for the sale or purchase of lands” must be acknowledged. In addition, it is provided that the Power of Attorney “may be recorded in the county clerk’s office of any county in which the lands to which such power or contract relates is situated.”