NY Gen Oblig L § 5-1502A (2021)
2021 New York Laws GOB - General Obligations Article 5 - Creation, Definition and Enforcement of Contractual Obligations Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning 5-1502A - Construction--Real Estate Transactions.

§ 5-1502A. Construction--real  estate  transactions.  In  a  statutory   short form power of attorney, the language conferring general  authority   with  respect  to  "real estate transactions," must be construed to mean   that the principal authorizes the agent:1. To accept as a gift, or as security  for  a  loan,  to  reject,  to   demand,  to  buy,  to  lease, to receive, or otherwise to acquire either   ownership or possession of any estate or interest in land;2. To sell, to exchange, to convey either with or  without  covenants,   to  quit-claim,  to  release, to surrender, to mortgage, to incumber, to   partition or to consent to the partitioning, to create, modify or revoke   a trust to grant options concerning, to lease or to sublet, or otherwise   to dispose of, any estate or interest in land;3. To release in whole or in part, to assign the whole or a  part  of,   to  satisfy in whole or in part, and to enforce by action, proceeding or   otherwise, any mortgage, incumbrance, lien or other claim to land  which   exists, or is claimed to exist, in favor of the principal;4.  To do any act of management or of conservation with respect to any   estate or interest in land  owned,  or  claimed  to  be  owned,  by  the   principal,  including  by  way  of illustration, but not of restriction,   power to insure against any casualty, liability or loss, to obtain or to   regain possession or to protect  such  estate  or  interest  by  action,   proceeding  or  otherwise,  to pay, to compromise or to contest taxes or   assessments, to apply for refunds in connection therewith,  to  purchase   supplies, to hire assistance or labor and to make repairs or alterations   in the structures or lands;5. To utilize in any way, to develop, to modify, to alter, to replace,   to  remove, to erect or to install structures or other improvements upon   any land in which the principal has, or claims to have,  any  estate  or   interest;6.  To  demand,  to  receive,  to  obtain  by  action,  proceeding  or   otherwise, any money, or other thing of value to which the principal is,   or may become, or may claim  to  be  entitled  as  the  proceeds  of  an   interest  in  land  or  of one or more of the transactions enumerated in   this section, to conserve, to invest, to disburse or to utilize anything   so received for purposes enumerated in this section,  and  to  reimburse   the  agent for any expenditures properly made by him in the execution of   the powers conferred on  him  by  the  statutory  short  form  power  of   attorney;7.  To participate in any reorganization with respect to real property   and to receive and to hold any shares of stock or instrument of  similar   character  received  in accordance with such plan of reorganization, and   to act with respect thereto, including by way of illustration,  but  not   of restriction, power to sell or otherwise to dispose of such shares, or   any  of  them,  to exercise or to sell any option, conversion or similar   right with respect thereto, and to vote thereon  in  person  or  by  the   granting of a proxy;8. To agree and to contract, in any manner, and with any person and on   any  terms, which the agent may select, for the accomplishment of any of   the purposes enumerated in this section, and to perform, to rescind,  to   reform,  to  release  or to modify any such agreement or contract or any   other similar agreement  or  contract  made  by  or  on  behalf  of  the   principal;9.  To  execute,  to  acknowledge,  to  seal  and to deliver any deed,   creation, modification  or  revocation  of  a  trust,  mortgage,  lease,   notice,  check  or other instrument which the agent may think useful for   the accomplishment of any of the purposes enumerated in this section;10.  To  prosecute,  to  defend,  to  submit  to  alternative  dispute   resolution,  to  settle,  and  to propose or to accept a compromise with    respect to, any claim existing in favor of, or  against,  the  principal   based on or involving any real estate transaction or to intervene in any   action or proceeding relating thereto;11. To hire, to discharge, and to compensate any attorney, accountant,   expert  witness  or  other  assistant or assistants when the agent shall   think such action to be desirable for the proper execution by him of any   of the powers described in this section, and for the keeping  of  needed   records thereof; and12.  In  general,  and  in  addition  to all the specific acts in this   section enumerated, to do any other act or acts, which the principal can   do through an agent, with respect to any estate or interest in land.All  powers  described  in  this  section  5-1502A  of   the   general   obligations  law shall be exercisable equally with respect to any estate   or interest in land owned by the principal at the giving of the power of   attorney or thereafter acquired, and whether located in the state of New   York or elsewhere.