What does the term "APN" stand for in real estate?

Study for the Gold Coast Real estate Sales Associate Pre-License Test with multiple choice questions! Get hints and explanations for each question. Prepare for your exam with confidence!

The term "APN" stands for Assessors Parcel Number, which is the correct answer. This number is a unique identifier assigned by a local governmental authority, often a county assessor's office, to a parcel of real estate. The APN is crucial for property identification and taxation purposes, as it helps in tracking ownership, property taxes, and assessments for real estate across different jurisdictions.

In real estate transactions, professionals often use the APN to retrieve detailed information about a property, such as its boundaries, zoning specifications, and ownership history. This ensures that any dealings involving the property, whether buying, selling, or financing, are based on accurate and up-to-date data.

While other terms like "Assessor Property Number," "Asset Parcel Number," and "Assigned Property Number" might seem close in meaning, they do not accurately reflect the widely accepted terminology used across real estate practices and legal contexts. Understanding the specific designation of APN as Assessors Parcel Number is essential for real estate professionals when navigating property documents and titles.

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