Power of Attorney (Procuração)
In real estate transactions, a power of attorney (procuração) is a public instrument executed at a Notary Office. It must be specific — identifying the property, the powers granted (to buy, sell, transfer, or mortgage), and, for higher-value properties, specifying…
Explanation
In real estate transactions, a power of attorney (procuração) is a public instrument executed at a Notary Office. It must be specific — identifying the property, the powers granted (to buy, sell, transfer, or mortgage), and, for higher-value properties, specifying the price or an allowed price floor/ceiling.
Powers of attorney for buying and selling real estate generally have a validity period of 1 to 5 years, depending on what is set in the instrument. Brazilians living abroad can grant a power of attorney through a Brazilian consulate or with a Hague Apostille for foreign documents.