1.         Unless the power of attorney otherwise provides, an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal.

2.         Unless the power of attorney otherwise provides, a qualified agent is entitled to compensation that is reasonable under the circumstances.

3.         Notwithstanding any provision in the power of attorney, an agent may not be paid compensation unless the agent is a qualified agent.

4.         The term “qualified agent” means an agent who is the spouse of the principal, an heir of the principal within the meaning of Florida Statute Section 732.103, a financial institution that has trust powers and a place of business in this state, an attorney or certified public accountant who is licensed in this state, or a natural person who is a resident of this state and who has never been an agent for more than three principals at the same time.

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