ARGUS CERTIFICATION UPDATED EXAM COMPREHENSIVE
QUESTIONS AND ANSWERS GRADED A+
✔✔which of the portfolio application tabs is best described: this application allows users
to create and view analytical charts and graphs based on a combo of properties from
the portfolios - ✔✔analysis
✔✔save property to file - ✔✔will save an .avux file without saving to the database
✔✔check in or check out property - ✔✔a user can select either option in order to check
in or check out property models and restrict who can edit them
✔✔modeling policies - ✔✔will allow a user to view and change the options used for data
entry and calculations in this property model
✔✔ground leases - ✔✔allows a user to adjust market assumptions for a ground lease,
model valuation and or a discounted cash flow. this is commonly used with traditional
valuation and non freehold tenants
✔✔units - ✔✔allows a user to easily track inventory, forecast property unit cash flows,
model renewal scenarios for replacement tenants or re-measurements and extract data
necessary for creating stacking plans and other external custom reports
✔✔actuals - ✔✔where we can import or manually enter actual expenses incurred by the
property
✔✔market tab - ✔✔includes all assumptions dealing with inflation, general vacancy,
credit loss, market leasing profiles, market rent categories, free rent, cpi increases,
tenant improvements, lease commissions, rent components, and ranges
✔✔inflation rates can be entered as either positive or negative values - ✔✔true
✔✔how to apply inflation to the first year - ✔✔select modeling policies from the ribbon
and activate the allow inflation in year one option
✔✔miscellaneous revenue tab - ✔✔where you can enter all non-tenant revenue (ex:
roof antenna)
✔✔by default what inflation does miscellaneous revenues use - ✔✔the general inflation
rate
✔✔reimbursable expenses - ✔✔expenses that the property owner will recover from the
tenants. Common reimbursable expenses are expenses that the property owner will
, recover from the tenants usually can include Common area maintenance (CAM), taxes,
insurance, and repairs
✔✔non-operating expenses - ✔✔will fall below the net operation income line on the
cash flow. also will not be counted towards the value of the property. you can switch this
feature on/off in the report options while in the cash flow report
✔✔expense amount on cash flow formula - ✔✔(expense amount x % fixed) + (expense
amount x % variable x % occupied)
✔✔copy to end - ✔✔will copy the monthly amount to all remaining months of the
analysis
✔✔copy column to end - ✔✔copy the selected year to each year thereafter
✔✔Common Area Maintenance (CAM) - ✔✔combo of both interior and exterior
expenses. while both are potentially valued at the same amount, each expense will vary
depending on the occupancy
✔✔limits - ✔✔provide the ability to set a lower or upper limit on the projected expense
amount
-if the projected expense amount is less than the inflated lower limit or greater than the
inflated upper limit, it will be overridden with the inflated amount in the cash flow
projection
✔✔capital expenses - ✔✔are expenses that are not considered part of a properties net
operating income and appear below the income line on the cash flow. includes
structural reserves, building repairs, or improvements. will appear in the expenditures
section of the cash flow report
✔✔what is the extension of a property asset file in argus enterprise - ✔✔.avux
✔✔save property - ✔✔saves the updates to the property asset model to the database. if
a calculation has been performed, it also saves the latest calculation results
✔✔what should be selected as the "how input" method in order for the revenue or
expense to be based on a percentage of other cash flow items in the property - ✔✔% of
other
✔✔common area maintenance (CAM) is $100,000 and is 50% fixed. occupancy is 75%.
what dollar amount should be entered in the amount 1 field? what will be the actual
expense on the cash flow for CAM? - ✔✔
QUESTIONS AND ANSWERS GRADED A+
✔✔which of the portfolio application tabs is best described: this application allows users
to create and view analytical charts and graphs based on a combo of properties from
the portfolios - ✔✔analysis
✔✔save property to file - ✔✔will save an .avux file without saving to the database
✔✔check in or check out property - ✔✔a user can select either option in order to check
in or check out property models and restrict who can edit them
✔✔modeling policies - ✔✔will allow a user to view and change the options used for data
entry and calculations in this property model
✔✔ground leases - ✔✔allows a user to adjust market assumptions for a ground lease,
model valuation and or a discounted cash flow. this is commonly used with traditional
valuation and non freehold tenants
✔✔units - ✔✔allows a user to easily track inventory, forecast property unit cash flows,
model renewal scenarios for replacement tenants or re-measurements and extract data
necessary for creating stacking plans and other external custom reports
✔✔actuals - ✔✔where we can import or manually enter actual expenses incurred by the
property
✔✔market tab - ✔✔includes all assumptions dealing with inflation, general vacancy,
credit loss, market leasing profiles, market rent categories, free rent, cpi increases,
tenant improvements, lease commissions, rent components, and ranges
✔✔inflation rates can be entered as either positive or negative values - ✔✔true
✔✔how to apply inflation to the first year - ✔✔select modeling policies from the ribbon
and activate the allow inflation in year one option
✔✔miscellaneous revenue tab - ✔✔where you can enter all non-tenant revenue (ex:
roof antenna)
✔✔by default what inflation does miscellaneous revenues use - ✔✔the general inflation
rate
✔✔reimbursable expenses - ✔✔expenses that the property owner will recover from the
tenants. Common reimbursable expenses are expenses that the property owner will
, recover from the tenants usually can include Common area maintenance (CAM), taxes,
insurance, and repairs
✔✔non-operating expenses - ✔✔will fall below the net operation income line on the
cash flow. also will not be counted towards the value of the property. you can switch this
feature on/off in the report options while in the cash flow report
✔✔expense amount on cash flow formula - ✔✔(expense amount x % fixed) + (expense
amount x % variable x % occupied)
✔✔copy to end - ✔✔will copy the monthly amount to all remaining months of the
analysis
✔✔copy column to end - ✔✔copy the selected year to each year thereafter
✔✔Common Area Maintenance (CAM) - ✔✔combo of both interior and exterior
expenses. while both are potentially valued at the same amount, each expense will vary
depending on the occupancy
✔✔limits - ✔✔provide the ability to set a lower or upper limit on the projected expense
amount
-if the projected expense amount is less than the inflated lower limit or greater than the
inflated upper limit, it will be overridden with the inflated amount in the cash flow
projection
✔✔capital expenses - ✔✔are expenses that are not considered part of a properties net
operating income and appear below the income line on the cash flow. includes
structural reserves, building repairs, or improvements. will appear in the expenditures
section of the cash flow report
✔✔what is the extension of a property asset file in argus enterprise - ✔✔.avux
✔✔save property - ✔✔saves the updates to the property asset model to the database. if
a calculation has been performed, it also saves the latest calculation results
✔✔what should be selected as the "how input" method in order for the revenue or
expense to be based on a percentage of other cash flow items in the property - ✔✔% of
other
✔✔common area maintenance (CAM) is $100,000 and is 50% fixed. occupancy is 75%.
what dollar amount should be entered in the amount 1 field? what will be the actual
expense on the cash flow for CAM? - ✔✔
