The information returned by a Whois search is only updated once or twice a day, domain names that have been purchased are essentially "locked" instantly so that they cannot accidentally be sold to two separate parties. In other words, even if somebody beat you to a domain name by just 1 second, you're out of luck - and in a day or so you'll be able to see their ownership details through the Whois tool.
What happens if someone else has applied for the same domain name as me, and his or her application is pending?
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