Escrow & Title
In Alaska, a 'power of attorney' may be used in a real estate closing to allow:
AAn attorney to change the contract terms
BA designated person to sign closing documents on behalf of an absent party✓ Correct
CThe title company to accept alternative forms of payment
DThe broker to receive the commission directly
Explanation
A power of attorney (POA) authorizes a designated person (the attorney-in-fact) to sign legal documents — including real estate closing documents — on behalf of the principal who is unable to attend the closing. For real estate transactions, a durable POA is typically required and must be properly executed and acknowledged.
Related Alaska Escrow & Title Questions
- In Alaska, a 'materialman's lien' (mechanics' lien) can be filed by which of the following parties?
- Which type of title transfer does NOT require a deed?
- Alaska's recording statutes protect a good-faith purchaser who:
- In Alaska, the priority of liens is generally determined by:
- An encumbrance on an Alaska property is best defined as:
- A special assessment lien in Alaska is levied by a municipality to:
- Which of the following would be a seller debit at closing in Alaska?
- In Alaska, which of the following would be MOST likely to show up as an exception in Schedule B of a title commitment?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →