Some registries require domain name requests go through a registrar. For .COM, .NET, and .ORG names, Domain Bank is a registrar. The organization responsible for the actual administration and maintenance of a top-level domain is known as the registry. The registry is where registrants or registrars go for new or modify domain name requests. Most TLD registries require initial registration fees as well as annual or biannual renewal fees.
Prices vary from cost-free to thousands of dollars per domain depending on the TLD chosen.
Renewal Registration for most domain names needs to be renewed based on some scheduled yearly interval. There are two types of Top Level Domains. Domain names can be sold to another organization or sometimes the name of a company might change. Most registries require a process by which permission from the old owner to hand over control to the new owner is authorized. The procedure for change of ownership is known a Transfer.