They've asked but I've always refused and suggested a family member or friend.  Too dangerous!

That would make me my "principal". That seems to me a conflict of interest and contrary to real estate laws for which I am licensed.

I don't accept such an assignment for the very reason you just stated, Debbie, that it negates E&O coverage.

Thanks, but no thanks.   

Not me

No way no how

I have done it once and for a good investor client and was not rewarded for my niceness, but put through hell. I would say dont do it

No. They should use a third party.

Our brokerage does not allow it and I would not do it, anyway.

I've been asked many times and always refuse. Liability is too great.

Debbie Reynolds - that itself is a good reason for us not to become Attorney-in-fact for your clients.

It's sort of frowned on around here.  I always have them give the power of attorney to a trusted friend or relative, or we arrange to have the paperwork sent by emai or overnight with instructions on how to get it notarized. 

I would not be comfortable doing this Debbie.

I wouldn't do this. I think there might be too much liability involved. 

No can do; that is less than 'Arm's Length'

I would never do that.  Just reading this question gives me visions of flashing red lights.  

Only for family or extremely close friends.   Way too much legal liability.  

Back when I was a notary, you couldn't notarize any documents you had an interest in.  I keep that mindset and won't get involved in that regard.  Commissions are enough to be "of interest" and then there is the liability issues you mention.

Our broker doesn't allow any agents to act as POA. Even if he did, i wouldn't take the risk. Let the client find someone else that is trustworthy to do it.

Too much risk.  Our policy and procedres manual will not allow our agents to accepts any type of power of attorney.

Nope would not do it. Just get an attorney.

Debbie,

Yes, I would suggest the same thing as you would.  A

You brought up an excellent point why it's not always a good idea although I have been asked a few times and accepted on two occasions. Stating a simple no to others was my response.  

Hi Debbie - We've been asked a couple of times, and advised by good real estate attorneys to never, ever do this.

Nope, huge liability. Attorney time. I also wouldn't advise them WHO to use

Debbie Reynolds I would assume we would have the same E&O issue. I've never acted as an ATIF for a client and would not.

You will have to ge someone else as I am unable to grant your request!

In Texas we are not allowed to as we are a party to the transaction.

Thanks for the question.

I do not like to but in extreme cases I will consider it

I have done POAs for clients in the past for govt cost share programs, but for something as serious as real estate I would decline.

I can do it with a disclaimer in place as to my capacity as an agent only

Had a client ask me once and hooked up with an attorney that was able to be his POA.