ARGUS UPDATED EXAM TEST PAPER QUESTIONS AND
ANSWERS GRADED A+
✔✔What are the possible misc. revenues that can be selected? (5) - ✔✔% of EGR, $
Amount, $/Area, % of Constant, % of Line
✔✔% of Line - ✔✔Misc revenue; the allows the revenue to be based on a percentage of
other items in the property
✔✔% of EGR - ✔✔Misc. Revenue; percentage of the Effective Gross Income
✔✔$ Amount - ✔✔Misc. Revenue; interpreted as a full payment amount
✔✔$/Area - ✔✔Misc. Revenue; multiplied by the area measure selected in the area
column
✔✔% of Constant - ✔✔Misc Revenue; interpreted as a percentage of the Amount
column.
✔✔If the amount of revenue is set to (blank), the Area/Constant column will be
unavailable - ✔✔$ Amount, % of EGR, % of line
✔✔Rebursable Expenses - ✔✔Property expenses the landlord will recover. All entires
will be available for reimbursement by the tenants.
✔✔Common Reimburment Expenses - ✔✔CAM, Taxes, Insurance, Repairs &
Maintence
✔✔Reimbursable Expenses may be entered as (7) - ✔✔Simple Amount, Detailed
Amount, % of EGR, $/Area, % of Constant, % of Line,
✔✔% of Fixed column - ✔✔Determines the amount of the expense ( or revenue) that is
based on occupancy
✔✔Capital Expenditures - ✔✔Not considered part of a property's NOI and appear below
the income line on the CF in the Capital Costs section
✔✔Typical CapEx are: - ✔✔Stuctural or Capital reserves, building repairs, or
improvements (anything to improve te property value that is not routine)
✔✔Property Level reports can be accessed in (2) ways - ✔✔Property level Reports icon
in the toolbar or Reports Menu - Property Level selection
, ✔✔Property Level Reports can be viewed - ✔✔Annually, Monthly, Quarterly, Semi-
Annually
✔✔Ways to access the Rent Roll - ✔✔From tenant menu --> select Rent Roll, or clock
the Rent Roll icon on the toolbar
✔✔Default Lease Type choices are: - ✔✔Office, Retail, Industrial, Pad Site and Storage
✔✔In the Rent Roll, enter the Base/Min Rent field as (3) - ✔✔Amount per area, total
amount for a given period, or percent of market rent
✔✔What are three ways a tenant can reimburse expenses? - ✔✔None, Net, or Base
Stop
✔✔Net reimbursements - ✔✔Triple net leases - tenant will pay their natural pro-rata
share of all Reimbursable Expenses
✔✔Base Stop - ✔✔Typically 1 year and in Office spaces
✔✔What kind of reimbursement method is used for gross leases? - ✔✔Base Stop
✔✔True of False: An ARGUS Valuation - DCF cannot calculate a base year prior to the
analysis start date - ✔✔True
✔✔Rent Abatement - ✔✔Number of months of free rent for the current lease STARTED
AT THE BEGINNING OF THE LEASE TERM
✔✔Leasing Costs - ✔✔Consist of Tenant Improvements and Leasing Commissions
✔✔Tenant Improvement default unit is... - ✔✔$/SqFt
✔✔Leasing Commissions default unit is... - ✔✔Percentage of a tenant's total rent
✔✔Market Leasing Assumptions are used for what purpose? - ✔✔To control what
happens to the contract lease after it expires and goes to market
✔✔Market Leasing Assumptions can be accessed from (2) - ✔✔Executive
Dashboard(Market drop down menu, market leasing assumptions) or from the Rent Roll
✔✔Upon Expiration drop-down menu - ✔✔Control how the program will blend the MLA
numbers
✔✔Market (Upon Expiration selection) - ✔✔Weighted average of new and renewal
numbers
ANSWERS GRADED A+
✔✔What are the possible misc. revenues that can be selected? (5) - ✔✔% of EGR, $
Amount, $/Area, % of Constant, % of Line
✔✔% of Line - ✔✔Misc revenue; the allows the revenue to be based on a percentage of
other items in the property
✔✔% of EGR - ✔✔Misc. Revenue; percentage of the Effective Gross Income
✔✔$ Amount - ✔✔Misc. Revenue; interpreted as a full payment amount
✔✔$/Area - ✔✔Misc. Revenue; multiplied by the area measure selected in the area
column
✔✔% of Constant - ✔✔Misc Revenue; interpreted as a percentage of the Amount
column.
✔✔If the amount of revenue is set to (blank), the Area/Constant column will be
unavailable - ✔✔$ Amount, % of EGR, % of line
✔✔Rebursable Expenses - ✔✔Property expenses the landlord will recover. All entires
will be available for reimbursement by the tenants.
✔✔Common Reimburment Expenses - ✔✔CAM, Taxes, Insurance, Repairs &
Maintence
✔✔Reimbursable Expenses may be entered as (7) - ✔✔Simple Amount, Detailed
Amount, % of EGR, $/Area, % of Constant, % of Line,
✔✔% of Fixed column - ✔✔Determines the amount of the expense ( or revenue) that is
based on occupancy
✔✔Capital Expenditures - ✔✔Not considered part of a property's NOI and appear below
the income line on the CF in the Capital Costs section
✔✔Typical CapEx are: - ✔✔Stuctural or Capital reserves, building repairs, or
improvements (anything to improve te property value that is not routine)
✔✔Property Level reports can be accessed in (2) ways - ✔✔Property level Reports icon
in the toolbar or Reports Menu - Property Level selection
, ✔✔Property Level Reports can be viewed - ✔✔Annually, Monthly, Quarterly, Semi-
Annually
✔✔Ways to access the Rent Roll - ✔✔From tenant menu --> select Rent Roll, or clock
the Rent Roll icon on the toolbar
✔✔Default Lease Type choices are: - ✔✔Office, Retail, Industrial, Pad Site and Storage
✔✔In the Rent Roll, enter the Base/Min Rent field as (3) - ✔✔Amount per area, total
amount for a given period, or percent of market rent
✔✔What are three ways a tenant can reimburse expenses? - ✔✔None, Net, or Base
Stop
✔✔Net reimbursements - ✔✔Triple net leases - tenant will pay their natural pro-rata
share of all Reimbursable Expenses
✔✔Base Stop - ✔✔Typically 1 year and in Office spaces
✔✔What kind of reimbursement method is used for gross leases? - ✔✔Base Stop
✔✔True of False: An ARGUS Valuation - DCF cannot calculate a base year prior to the
analysis start date - ✔✔True
✔✔Rent Abatement - ✔✔Number of months of free rent for the current lease STARTED
AT THE BEGINNING OF THE LEASE TERM
✔✔Leasing Costs - ✔✔Consist of Tenant Improvements and Leasing Commissions
✔✔Tenant Improvement default unit is... - ✔✔$/SqFt
✔✔Leasing Commissions default unit is... - ✔✔Percentage of a tenant's total rent
✔✔Market Leasing Assumptions are used for what purpose? - ✔✔To control what
happens to the contract lease after it expires and goes to market
✔✔Market Leasing Assumptions can be accessed from (2) - ✔✔Executive
Dashboard(Market drop down menu, market leasing assumptions) or from the Rent Roll
✔✔Upon Expiration drop-down menu - ✔✔Control how the program will blend the MLA
numbers
✔✔Market (Upon Expiration selection) - ✔✔Weighted average of new and renewal
numbers
