Q1. A New Mexico investor uses income capitalization to value an office building with an annual NOI of $120,000. The New Mexico Real Estate Commission requires disclosure of assumptions. Which form must the licensee use to disclose income capitalization assumptions when presenting the investment analysis?

• ○NMREC Form 210: Income Capitalization Disclosure.
• ○NMREC Form 305: Investment Analysis Worksheet.
• ○NMREC Form 410: Property Valuation Summary.
• ○NMREC Form 150: Client Advisory Notice.