Alberta Real Estate Licensing Exam Practice · Question
What is the primary role of an 'attorney-in-fact' in a real estate transaction?
An attorney-in-fact is an individual designated to act on another's behalf under a Power of Attorney.
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Question: What is the primary role of an 'attorney-in-fact' in a real estate transaction?
Answer options: ✅ To act on behalf of another person as granted by a Power of Attorney.
- To provide legal advice to the principal.
- To mediate disputes between the buyer and seller.
- To conduct property appraisals.
Correct answer: To act on behalf of another person as granted by a Power of Attorney.
Explanation: An attorney-in-fact is an individual designated to act on another's behalf under a Power of Attorney.
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