PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Power of attorney
A power of attorney is a written instrument by which a principal grants an agent, called an attorney-in-fact, authority to act within the powers described in the document.
Agency
Agency foundations
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Power of attorney mean?
A power of attorney is a written instrument by which a principal grants an agent, called an attorney-in-fact, authority to act within the powers described in the document.
How do you separate the nearest exam answer?
An attorney-in-fact is an authorized agent and need not be a lawyer. A closing attorney is a Georgia-licensed lawyer performing legal closing work.
What changes or stays the same in Georgia?
Georgia law and the specific document control execution, durability, recording, acceptance, and scope. Authority to sign a deed must be clear and the instrument may need recording with the conveyance.
An owner authorizes a trusted relative through a valid instrument to sign stated closing documents while the owner is overseas.
The agent cannot exceed the document's authority or treat the principal's property as the agent's own.
Memory cue: The agent cannot exceed the document's authority or treat the principal's property as the agent's own.PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
Which statement correctly explains Power of attorney?
- A
Agency is a legal relationship in which an agent is authorized to act for a principal and owes duties arising from the relationship, the agreement, and applicable law.
- B
Fiduciary duty is the heightened obligation of loyalty, obedience within lawful authority, disclosure, confidentiality, accounting, and reasonable care that an agent owes the principal, as shaped by statute and agreement.
- C
A closing attorney is the Georgia-licensed lawyer who conducts the legal closing, oversees execution and disbursement, and handles the conveyancing and title-related legal work that constitutes the practice of law.
- D
A power of attorney is a written instrument by which a principal grants an agent, called an attorney-in-fact, authority to act within the powers described in the document.
Power of attorney is correct. A power of attorney is a written instrument by which a principal grants an agent, called an attorney-in-fact, authority to act within the powers described in the document. An attorney-in-fact is an authorized agent and need not be a lawyer. A closing attorney is a Georgia-licensed lawyer performing legal closing work. Georgia law and the specific document control execution, durability, recording, acceptance, and scope. Authority to sign a deed must be clear and the instrument may need recording with the conveyance.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Agency complete lesson
https://www.passgeorgiarealestate.com/study-guide/agency/creation-and-types
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4672State-authorized public access to current Georgia statutes, including Title 44 property law.
https://www.lexisnexis.com/hottopics/gacode/Default.aspOfficial statewide reference for Georgia real estate recording, indexing, and public land-record access.
https://www.gsccca.org/learn/projects-programs/real-estate-index