The demand for real estate derives from the need that participants in the user market have for shelter and convenient access to other locations.The primary participants in the user market include all of the following EXCEPT:

Question

Quizplus · Accepted Answer

Pension fund managers are not participants in the user market for real estate as they are typically investors who hold real estate assets for the purpose of generating returns for their clients, rather than using the property for shelter or personal use. Owner occupants, tenants, and renters are all considered participants in the user market as they require real estate for shelter and/or use in their daily lives.

The Demand for Real Estate Derives from the Need That