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Az Community Property HomesteadCommunity_property_azMEDIUM

While reviewing a transaction in Apache County, a husband tells the wife that only he may manage community property because he earns more income. Which statement should the broker communicate?

Correct Answer

D) Arizona gives spouses equal management and control of community property subject to statutory joinder rules

Under A.R.S. § 25-214, Arizona gives spouses equal management and control of community property subject to statutory joinder rules.

Answer Options
A
the higher earner always controls community property alone
B
only the spouse on title may manage community property
C
community-property management belongs to the designated broker if real estate is involved
D
Arizona gives spouses equal management and control of community property subject to statutory joinder rules

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Related Topics & Key Terms

Key Terms:

arizona_specificcommunity_propertymanagement_controlcommunity_property_azaz_community_property_and_homestead
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