Answer the following multiple$-$choice problems:

A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:

a$.$ Property market.

b$.$ User$/$space market.

c$.$ Housing market.

d$.$ Capital market.

The market in which required rates of return on available investment opportunities are primarily determined is referred to as the:

a$.$ Property market.

b$.$ User market.

c$.$ Housing market.

d$.$ Capital market.

The actions of local, state, and federal governments affect real estate values:

a$.$ Primarily through user markets.

b$.$ Primarily through the capital market.

c$.$ Primarily through their taxation policies.

d$.$ Through all of the above.

What portion of households owns their house?

a$.$ Approximately one$-$third.

b$.$ Approximately two$-$thirds.

c$.$ Approximately one$-$half.

d$.$ Approximately one$-$quarter.

Of the following asset categories, which has the greatest aggregate market value?

a$.$ Corporate equities and mutual funds.

b$.$ Mortgage debt.

c$.$ Government debt.

d$.$ Nongovernment real estate.