Is a conveyance valid if using a power of attorney and the client dies?

Prepare for the Metro Brokers Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations. Get ready for your certification!

A conveyance using a power of attorney becomes invalid upon the death of the principal (the person who granted the power of attorney). This is because a power of attorney is an agency relationship where the agent's authority to act on behalf of the principal is contingent upon the principal being alive. Once the principal dies, the agency is terminated, and therefore, any actions taken by the agent, including conveyances, cease to have legal effect. This principle is foundational in understanding the nature of powers of attorney and the legal implications surrounding them.

Options suggesting that the conveyance remains valid or requires re-execution are incorrect because the legal authority granted by the power of attorney cannot extend beyond the life of the principal. Additionally, the idea of a court ruling is not relevant in this context because the expiration of authority is automatic upon death, without the need for judicial intervention.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy