Yes and no. Registering a domain name can be compared to a lease. (…)
ICANN is the company that maintains the database of domain names and what they map to. (…)
A domain name is an easy to remember name that maps to an address (known as an IP address) and sets up the basic routing of the internet. (…)
When a person or entity decides to register a domain name, there are some requirements for information that has to be submitted. (…)
The rules for registering a .org or .net domain are the same as the rules for .com. Anybody can purchase a .org or .net domain. (…)
Domain registrations last for as long as the registrant, or account holder, pays for them. At this time all domain registrations are sold in 1 year increments. Most domain registrars will allow users to register a domain from 1 year to 10 years at a time. Prices will of course vary from registrar to registrar. (…)
You can register for a domain name through your control panel. To register the domain, login to your control panel and click the Domains section. (…)
The most common suffix for a domain name is .com, .org or .net. However, there are various other suffixes that can be used when registering a domain name. (…)

