Lawyer
2 min read
Power of attorney in property deals
By Sara Al-Maliki
Many sales close through a power of attorney (wakala). That can be legitimate — and it can also hide risk.
Read the scope carefully: can the agent sell, receive funds, and sign at the registry, or only negotiate? Check the date, notary stamp, and whether the principal is still alive and has not revoked the wakala.
Prefer to meet the owner when possible. If you must deal via wakala, have your lawyer verify it before any large transfer. Never send the full price to a personal account before registry steps are clear.
By Sara Al-Maliki
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