What is the role of a power of attorney regarding real estate?

The role of a power of attorney regarding real estate is to allow an individual to grant another person the authority to act on their behalf in specific matters concerning real estate transactions. This authorization enables the designated person, or attorney-in-fact, to perform various tasks, which can include buying, selling, or managing real property.

Choosing the option that states a power of attorney can perform services without a license is accurate because the individual acting under a power of attorney does not need to be a licensed real estate agent or broker to execute the powers granted to them. They are executing the wishes of the person who appointed them, provided they are operating within the scope of their authority as defined in the power of attorney document.

In practice, this means that while the attorney-in-fact can manage real estate transactions, they must still act in the principal's best interests and adhere to any limitations set forth in the power of attorney. However, without requiring a license, it allows for flexibility in managing real estate matters for someone who might not be available to do so personally.