Which database reports and stores information related to residential property transactions?

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

The database that reports and stores information related to residential property transactions is known as RREALIN. RREALIN, standing for the Real Estate Automated Listing Information Network, is specifically designed for tracking real estate transactions, property listings, and details pertinent to those involved in the residential real estate market. It serves real estate professionals by providing them with crucial data regarding properties, which assists in the buying and selling process.

The other options, while related to real estate in various ways, do not specifically serve as databases for reporting residential property transactions. REALIN, for example, is often confused with RREALIN but does not focus specifically on residential transactions. REALTORS refers to a group of real estate professionals and does not denote a database. RESPA, which stands for the Real Estate Settlement Procedures Act, deals primarily with closing disclosures and the settlement process rather than serving as a database for transaction details.

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