Michigan Real Estate (Property) Power of Attorney Form
The Michigan Real Estate (Property) Power of Attorney is a document comprising of legally-binding provisions relating to the sale, purchase, rental, refurbishment, or refinancing of a property. Specifically, it directs one party, called the Attorney in Fact, to carry out one or more of the aforementioned real estate transactions for the benefit of another party, called the Principal. Once the contract has commenced, the Attorney in Fact has a legal obligation to act in a responsible manner whenever they perform tasks for the Principal in a representative capacity.
Laws – § 700.5502