What are potential problems associated with a power of attorney?

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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Ask an attorney but, don't EVER be the POA for a client - EVER!

Let someone else take on that responsiblity.

Sep 04, 2017 01:47 PM

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Anthony Kirlew

Gilbert, AZ
Anthony Acosta - ALLAT...

Atlanta, GA
Tony and Suzanne Marri...

Scottsdale, AZ
John Pusa

Glendale, CA

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Lynnea Miller

Bend Premier Real Estate - Bend, OR

Premier Real Estate Service in Central Oregon

That the person providing the power of attorney was not of sound mind when they signed the authorization. This is a way the elderly can be manipulated by people who have their own selfish interests as a priority and not the interests of the senior owner of the property. Truly elder abuse.

Sep 04, 2017 12:38 PM

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Anthony Kirlew

Gilbert, AZ
Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Valeria Mola

SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL

305-607-0709 SIB Realty Condos for Sale and Rent

I am with Debe!

Sep 02, 2018 07:37 PM

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Evelina Tsigelnitskaya

Sunny Isles Beach, FL
Valeria Mola

Sunny Isles Beach, FL

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Evelina Tsigelnitskaya

SIB Realty - Sunny Isles Beach, FL

Our title company is in charge with all these documents.

And for sure never POA for customers in my case.

Sep 02, 2018 06:50 PM

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Evelina Tsigelnitskaya

Sunny Isles Beach, FL
Valeria Mola

Sunny Isles Beach, FL

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Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Make sure it cannot be revoked.

Sep 04, 2017 11:58 AM

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Understanding its limitations and the person having it making bad decisions.

Sep 04, 2017 11:44 AM

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

None if they are executed correctly and the one with the power is not over-stepping their power.

Sep 04, 2017 11:43 AM

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Failing to understand that 'limited' POA is available.

Sep 04, 2017 11:19 AM

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

many of our sellers give a power of attorney to their attorney... in 39 years, there's never been an issue.... none of the agents in my office will take on that task of being power of attorney for a client.... that's what attorneys are for!!!

Sep 04, 2017 10:46 AM

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Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

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Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

Sep 05, 2017 06:24 AM

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Anthony Acosta - ALLAT...

Atlanta, GA

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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Debe Maxwell, CRS nailed this one!

Sep 05, 2017 04:50 AM

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Debe Maxwell, CRS

Charlotte, NC

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Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

POA's are not accepted if they are not provided by an attorney.

Sep 04, 2017 01:36 PM

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Debe Maxwell, CRS

Charlotte, NC

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Les & Sarah Oswald

Realty One Group - Eastvale, CA

Broker, Realtor and Investor

None if the person who you have selected is going to perform according to your desires.

Sep 04, 2017 12:19 PM

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Debe Maxwell, CRS

Charlotte, NC

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John Pusa

Glendale, CA

Many good answers.

Sep 04, 2017 12:15 PM

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Debe Maxwell, CRS

Charlotte, NC

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Roy Kelley

Retired - Gaithersburg, MD

A wrong decision.

Sep 04, 2017 10:51 AM

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Debe Maxwell, CRS

Charlotte, NC

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Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

I would check with an attorney

Sep 04, 2017 10:46 AM

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Debe Maxwell, CRS

Charlotte, NC

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

I seek solutions, never problems.

Sep 04, 2017 10:26 AM

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Debe Maxwell, CRS

Charlotte, NC

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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Let me consult my attorney and get back with you.

Sep 04, 2017 10:26 AM

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Debe Maxwell, CRS

Charlotte, NC

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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

not coming with wet signatures.

Sep 04, 2017 10:06 AM

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Debe Maxwell, CRS

Charlotte, NC

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Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Ugh! Ugh!

Sep 04, 2017 09:55 AM

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Debe Maxwell, CRS

Charlotte, NC

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Dave Martin (703) 585-4687

Fairfax Realty - Fairfax, VA

Making Realty Dreams a Reality #WeWillGetYouHome

It would depend on the POA but there are perils for both parties.. ask a competent LAWYER!

Jan 04, 2018 11:02 AM

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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Speak with a real attorney for your answer

Sep 06, 2017 07:52 AM

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Olga Simoncelli

Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT

CONSULTANT, Real Estate Services & Risk Management

Abuse

Sep 05, 2017 09:50 AM

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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Call 1-800-The-Law and ask. They're all the law, you need to know.

Sep 05, 2017 09:19 AM

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Richard Weeks

Dallas, TX

REALTOR®, Broker

In real estate make sure the title company approves prior to the day of closing.

Sep 05, 2017 06:47 AM

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Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Potential problems are the reason for the power of attorney and the way it is composed.

Sep 05, 2017 05:37 AM

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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

If done right, there should not be any.

Sep 04, 2017 09:46 PM

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Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC Calabasas CA

There is a scam that targets elder home buyers, just be careful and cautious making sure you are not part of such scam.

Sep 04, 2017 08:42 PM

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Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

The attorney in fact can abuse the position and not do what the principal intended.

Sep 04, 2017 07:18 PM

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William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

The legality of what was signed and by who.

Sep 04, 2017 04:13 PM

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Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

The biggest problem is if the POA is not signed or notarized.

Sep 04, 2017 03:29 PM

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

You need to ask an attorney that question as they are legal instruments. But if executed properly, there should be no issues.

Sep 04, 2017 01:52 PM

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Ask an attorney but, don't EVER be the POA for a client - EVER!

Let someone else take on that responsiblity.
That the person providing the power of attorney was not of sound mind when they signed the authorization. This is a way the elderly can be manipulated by people who have their own selfish interests as a priority and not the interests of the senior owner of the property. Truly elder abuse.
Our title company is in charge with all these documents.

And for sure never POA for customers in my case.
Understanding its limitations and the person having it making bad decisions.
None if they are executed correctly and the one with the power is not over-stepping their power.
many of our sellers give a power of attorney to their attorney... in 39 years, there's never been an issue.... none of the agents in my office will take on that task of being power of attorney for a client.... that's what attorneys are for!!!
POA's are not accepted if they are not provided by an attorney.
None if the person who you have selected is going to perform according to your desires.
It would depend on the POA but there are perils for both parties.. ask a competent LAWYER!
Call 1-800-The-Law and ask. They're all the law, you need to know.
In real estate make sure the title company approves prior to the day of closing.
Potential problems are the reason for the power of attorney and the way it is composed.
There is a scam that targets elder home buyers, just be careful and cautious making sure you are not part of such scam.
The attorney in fact can abuse the position and not do what the principal intended.
The biggest problem is if the POA is not signed or notarized.
You need to ask an attorney that question as they are legal instruments. But if executed properly, there should be no issues.