Download Vermont Power of Attorney for the Sale of Real Estate Legal Forms
Vermont Power of Attorney for the Sale of Real Estate Overview
The principal(s) owners of the property appoint an attorney-in-fact/agent to sell a specific property that is located in Vermont.
No agent may convey lands belonging to the principal or an estate or interest therein unless the terms of the power of attorney explicitly provide the agent has such authority and the power of attorney meets the specific execution requirements of section 3503 of this title. 3504(c)
"Agent" means a person named by a principal in a written power of attorney to act on the principal's behalf, and is synonymous with the term "attorney-in-fact". 3501(2)
This power of attorney is durable -"Durable power of attorney" means a written power of attorney in which the authority of the agent does not terminate in the event of the disability or incapacity of the principal. 3501
A power of attorney shall terminate on; (The occurrence of a termination event explicitly specified in the power of attorney) (3507(7)). This power of Attorney terminates upon a specific number of days provided by the principal after its execution, example: 30, 60, 100, etc., days after execution.
Included is a "Special Instructions" section, where the agent's powers can be further limited or defined.
This form is often used when the principal(s) is/are out of state or when gifting or selling (for a nominal consideration) the property to the agent and want the agent to perform the transaction.
(Vermont POA-Sale Package includes form, guidelines, and completed example) For use in Vermont Only.