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The Kentucky Real Estate Power of Attorney narrows down the scope of authority so that only real property transactions can be executed on the behalf of the principal. The most common POAs will generally provide users with a group of broad financial powers to choose from, one of them being a real estate authority that authorizes all acts related to the subject. With this instrument, granting parties are given a list of sub-categories that they can initial to further define what their attorney-in-fact will have access to. To exercise this form, the primary individual must enter the required data into each field (regarding themselves, their agent, and the property), mark each power that they wish to transfer, and choose a term that best fits their needs. This should all be followed up with a signature that is to be performed under the observation of a notarial officer.

Laws

Statute – Real Property (§ 457.270)

Definition – “Power of attorney” means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used (§ 457.020(7)).

Signing Requirements – Acknowledgment of Notary Public (§ 457.050(2))