Nevada § 162A.480 - Real property

§ 162A.480. Real property

1. Unless the power of attorney otherwise provides, language in a power of attorney

granting general authority with respect to real property authorizes: (a) The agent to demand, buy, lease, receive, accept as a gift or as security for

an extension of credit, or otherwise acquire or reject an interest in real property

or a right incident to real property; (b) The agent to: (1) Sell; (2) Exchange; (3) Convey with or without covenants, representations or warranties; (4) Quitclaim; (5) Release; (6) Surrender; (7) Retain title for security; (8) Encumber; (9) Partition; (10) Consent to partitioning; (11) Subject to an easement or covenant; (12) Subdivide; (13) Apply for zoning or other governmental permits; (14) Plat or consent to platting; (15) Develop; (16) Grant an option concerning; (17) Lease; (18) Sublease; (19) Contribute to an entity in exchange for an interest in that entity; or (20) Otherwise grant or dispose of, an interest in real property or a right incident to real property; (c) The agent to pledge or mortgage an interest in real property or right incident

to real property as security to borrow money or pay, renew or extend the time of payment

of a debt of the principal or a debt guaranteed by the principal; (d) The agent to release, assign, satisfy or enforce by litigation or otherwise a

mortgage, deed of trust, conditional sale contract, encumbrance, lien or other claim

to real property which exists or is asserted; (e) The agent to manage or conserve an interest in real property or a right incident

to real property owned or claimed to be owned by the principal, including: (1) Insuring against liability or casualty or other loss; (2) Obtaining or regaining possession of or protecting the interest or right by litigation

or otherwise; (3) Paying, assessing, compromising or contesting taxes or assessments or applying

for and receiving refunds in connection with them; and (4) Purchasing supplies, hiring assistance or labor, and making repairs or alterations

to the real property; (f) The agent to use, develop, alter, replace, remove, erect or install structures

or other improvements upon real property in or incident to which the principal has,

or claims to have, an interest or right; (g) The agent to participate in a reorganization with respect to real property or

an entity that owns an interest in or right incident to real property and receive,

and hold, and act with respect to stocks and bonds or other property received in a

plan of reorganization, including: (1) Selling or otherwise disposing of them; (2) Exercising or selling an option, right of conversion or similar right with respect

to them; and (3) Exercising any voting rights in person or by proxy; (h) The agent to change the form of title of an interest in or right incident to real

property; and (i) The agent to dedicate to public use, with or without consideration, easements

or other real property in which the principal has, or claims to have, an interest. 2. Every power of attorney, or other instrument in writing, containing the power to

convey any real property as agent or attorney for the owner thereof, or to execute,

as agent or attorney for another, any conveyance whereby any real property is conveyed,

or may be affected, must be recorded as other conveyances whereby real property is

conveyed or affected are required to be recorded. 3. No such power of attorney or other instrument, recorded in the manner prescribed

in subsection 2, shall be deemed to be revoked by any act of the principal, until

the instrument containing such revocation is deposited for record in the same office

in which the instrument containing the power is recorded.