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Reading M6 Private Real Estate Investments | Comprehensive Questions | Latest 2025/2026 Update Question #1 of 19 Question ID: 1687692 Which condition is a prerequisite for using the direct capitalization approach to value real estate? A) NOI must be stable or have a constant growth rate. B) The subject property must not be unique. C) The value of the land should be less than 10% of the total value of the project. Question #2 of 19 Question ID: 1687684 Chao Chen is a client of Paul Ch...