JC Real Estate Glossary 🔎 - Power of Attorney
In Real Estate, if you are given the power of attorney means you are given the power to make decisions about someone's property and finances by someone who is unable to do that by themselves.
To give a Power of Attorney for Property, you must:
* have reached the age of majority,
* be mentally capable,
* be aware of the property you own and its general value,
* understand what it means to appoint an attorney,
* know what authority you are giving your attorney, and
* you must understand the possibility that the attorney could misuse the power you are giving them.
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Source: RECA,
legalline.ca
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Jessica Chan & Associates
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403-241-9800
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