The annual percentage yield (APY) applies to:

Appraisal reports use concepts such as capitalization rates, gross rent multipliers, and discount rates to value real property — none of which are expressed as APY. APY is a deposit-account metric and does not appear anywhere in USPAP (Uniform Standards of Professional Appraisal Practice) or appraisal methodology.

Escrow instructions govern the conditions under which funds and documents are held and disbursed during a real estate transaction; they reference purchase prices, contingency deadlines, and prorations — not yield calculations on deposits. APY is irrelevant to the escrow process.

Title insurance policies protect against defects in title and are priced using one-time premiums, not yield-based calculations. There is no compounding or annual return concept embedded in title insurance, making APY entirely inapplicable.