Which statement about TD-100 is true?

Which statement about TD-100 is true?

• A. It transfers personal property
• B. It does not transfer personal property
• C. It transfers real property only
• D. It transfers both personal and real properties

Answer: (B)

In real estate practice, transferring ownership of land and structures is done with instruments that convey real property, while personal property requires a separate transfer mechanism. TD-100 is used in the real property transfer context, so its scope is limited to real property and does not cover personal property. That’s why the true statement is that TD-100 does not transfer personal property. If personal property is involved, it would need its own transfer document (like a bill of sale) or be addressed separately in the contract.

In real estate practice, transferring ownership of land and structures is done with instruments that convey real property, while personal property requires a separate transfer mechanism. TD-100 is used in the real property transfer context, so its scope is limited to real property and does not cover personal property. That’s why the true statement is that TD-100 does not transfer personal property. If personal property is involved, it would need its own transfer document (like a bill of sale) or be addressed separately in the contract.