Study Guide, Practice Questions, Answers & Explanations
Exam Coverage Summary (Questions 1–50)
This exam comprehensively tested the following domains:
1. System Fundamentals
• ARGUS platform integration (DCF, Asset Management, Capitalization)
• Navigation, shortcuts, and permissions
• Portfolio capacity and structure
2. Financial Configuration
• Chart of Accounts standardization
• Inflation assumptions and overrides
• Expense categorization and recovery structures
3. Revenue & Occupancy Modeling
• Occupancy-driven revenue calculations
• Miscellaneous income scaling
• Vacancy and absorption modeling
4. Leasing & Rent Structures
• Lease start vs available dates
• Free rent timing and formulas
• Step rent and percentage rent
• Leasing commissions and tenant improvements
, 5. Expense Recoveries
• Base Year Stop methodology
• Net recovery structure (default)
• Expense reimbursement growth over time
6. Valuation & Resale Analysis
• CAP NOI timing (forward vs current year)
• Discount rate input (Valuation tab)
• Net sale proceeds calculation
• Impact of adjustments (selling costs)
7. Reporting & Analytics
• Lease Audit vs Cash Flow vs Property Summary
• Assumptions Report for market metrics
• Portfolio-level reporting tools
8. Debt & Financing
• Loan amortization vs balloon structure
• Additional principal payments
9. Advanced Modeling Tools
• Batch updates
• Sensitivity scenarios
• Modeling policies
10. System Controls & Outputs