A power of attorney is a legal document allowing one person (the principal) to authorise another (the agent) to act on their behalf in specified matters, which can include property transactions when the owner is unable to be personally present.
Because power of attorney arrangements have specific legal requirements and limitations that vary by jurisdiction, transactions involving one should be reviewed carefully, generally with legal guidance, to confirm the document's validity and scope.
Buyers should exercise particular caution and thorough verification when a transaction is being conducted through a power of attorney rather than directly with the property owner.
