The Missouri Real Estate Power of Attorney details an arrangement made between two (2) parties where one reserves the right to act on the other’s behalf in regard to real property dealings. Other POA forms may offer real estate powers, but they are usually broad and sweeping with few restrictions. This particular document allows the principal to select independent actions for individuals who prefer to limit the access granted, which could include property management, financing, buying, or selling. Delegating parties may implement this by filling out the form appropriately and signing it in accordance with local laws. (If you intend to give your agent the ability to transfer ownership of the property, you will need to have the document acknowledged and recorded as required by law.)
Laws
Statutes – Durable Power of Attorney Law of Missouri (§ 404.700 – § 404.737)
Definition – “Power of attorney”, a written power of attorney, either durable or not durable (§ 404.703(8)).
Signing Requirements – If the power of attorney is durable and the authority granted within the document involves the conveyance of real property, then the instrument must be acknowledged and recorded as directed by the state (§ 404.705(1)(3)). (Even if the power to buy or sell is not offered within the document, users are still encouraged to receive the acknowledgment of two (2) witnesses and/or a notarial officer to confirm the principal’s decision.)
Other Versions
eSign Version
Download: Adobe PDF, MS Word (.docx)
OpenDocs Version
Download: Adobe PDF, MS Word (.docx)
Related Forms
Durable (Financial) Power of Attorney
Download: Adobe PDF
Revocation of Power of Attorney
Download: Adobe PDF, MS Word (.docx)