What is the role of 'attorney in fact' in real estate transactions?

The role of an 'attorney in fact' in real estate transactions is to serve as an authorized representative who acts on behalf of another person. This entails having a specific power of attorney to manage affairs, including real estate transactions, which can involve signing documents and making decisions in the interest of the individual they represent.

This role is crucial in scenarios where the principal (the person granting the power) is unable to execute these actions personally, whether due to absence, incapacity, or other reasons. The authority of the attorney in fact is defined by the power of attorney document, which specifies the extent and limitations of their powers.

In other contexts such as a real estate agent, a legal advisor, or a property appraiser, the roles and responsibilities are different. Real estate agents assist in facilitating property transactions, legal advisors provide legal guidance during the transaction process, and property appraisers assess the value of properties. Each of these positions serves a distinct purpose that does not encompass the duties of an attorney in fact.