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The Mississippi Real Estate Power of Attorney can encapsulate the terms of a principal-agent relationship where an attorney-in-fact has the right to act in the place of the document’s executor. The range of authority granted is limited to real property transactions, such as buying, selling, refinancing, or managing a particular premises. After confirming who is involved and what powers will be granted, the principal will have to choose a term for the arrangement and sign the document as indicated (acknowledgment of witnesses and/or notary suggested). Following the execution of these requirements, the individual operating on the behalf of the grantor will have the capability to receive and sign any paperwork related to their assigned tasks.

Laws

Statutes – Mississippi Uniform Durable Power of Attorney Act (§ 87-3-101 – § 87-3-113)

House Bill – HB 468 (2013)

Signing Requirements – Although there is no legal statute concerning the execution of a power of attorney, the current house bill proposes that the principal should receive the acknowledgment of a notary public at the time of signing (HB 468, Section 105).