ARGUS LATEST 2026 CORE EXAM MANUAL QUESTIONS
AND ANSWERS GRADED A+
✔✔The default recovery structure in ARGUS enterprise is __________. - ✔✔Net
✔✔The Available Date column in the Tenants - Rent Roll, represents the start of the
tenant's lease. - ✔✔False. The Start Date represents the start of the tenants lease.
✔✔True or False: By default, Tenant Improvements and Leasing Commissions are paid
at the start of the tenant's lease. - ✔✔True
✔✔True or False: The Upon Expiration field within the Market Leasing profile allows
users to select a different Market Leasing profile to be used after the first Market
Leasing term is over. - ✔✔True
✔✔Contractual Renewal:
a) Utilizes the Renew Market Leasing profile terms
b) Utilizes the New Market Leasing profile terms
c) Inserts a new contract lease into the Rent Roll
d) None of the above - ✔✔c) Inserts a new contract lease
✔✔The inflation rates are displayed on which report? - ✔✔Property Summary
✔✔Which report displays New Market, Renewal Market, and Weighted Average
results? - ✔✔Assumptions Report
✔✔When your resale calculation is set to CAP NOI (12 months after sale), which year's
NOI will be used when analyzing a 6-year analysis? - ✔✔The 7th years NOI
✔✔If 12% is a desired return, enter 12% in the ________________ parent tab. -
✔✔Valuation
✔✔What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in
a base year stop structure? - ✔✔$0
✔✔What will LB Corporation pay for reimbursements in 2017? - ✔✔The amount of 2017
total operating expenses over 2016 total operating expenses
✔✔What will LB Corporation pay for reimbursements in 2018? - ✔✔The amount of 2018
total operating expenses over 2016 total operating expenses
✔✔If a tenant's space is available, but sitting vacant before they move in and you want
to show that vacancy on reports, what do you need to enter in for the Lease dates? -
, ✔✔The Available Date needs to be when the space is actually available and the Start
Date needs to be when the tenant's lease begins.
✔✔True or False: Step Rent increases can be applied in the Step Rent field or in the
Base Rent varies window. - ✔✔True
✔✔Assuming a sale date of December 2020, what will be the net proceeds from sale if
we have a resale calculation that capitalizes the NOI 12 months after sale? - ✔✔(2021
NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
✔✔Assuming a sale date of December 2020, what will be the net proceeds from sale if
we have a resale calculation that capitalises the NOI of the sale year? - ✔✔(202 NOI /
10% Cap Rate)*(1.0 - 3% adjustment)
✔✔When using an Available date that is before the Start date, the loss in potential rent
(Base Rental Revenue) can be shown on which report? - ✔✔Lease Audit
✔✔______________________ is used in retail properties where tenants are expected
to pay a percentage of their sales to the property owner. - ✔✔Percentage Rent
✔✔What is the default calculation formula for Chargeable Sales? - ✔✔Sales Volume -
Breakpoint
✔✔Calculate the General Vacancy Loss using the following assumptions:
-PGR: $800,000
-ATV: $20,000
-Calculation: 5% of PGR - ✔✔[(800,000 + 20,0000)*0.05] - $20,000 = $21,000
✔✔True or False: Additional principal payments can be factored into the loan
computations? - ✔✔True
✔✔While running a 7-year analysis on a property with a 30-year debt note in ARGUS
Enterprise, the note will _____________ at the end of the projection. - ✔✔Balloon
✔✔After changing the modeling policy for Gross Ups, any Recovery Structure already
created will default to the Gross Up percent in the Modeling Policies window. - ✔✔False
✔✔The default formula for Leasing Commissions is: - ✔✔Base Rent + Step Rent + CPI
- Free Rent
✔✔To indicate that an expense should not be included in the cash flow projection nor
used in the calculation of the NOI, select ________________ - ✔✔Reference Only
AND ANSWERS GRADED A+
✔✔The default recovery structure in ARGUS enterprise is __________. - ✔✔Net
✔✔The Available Date column in the Tenants - Rent Roll, represents the start of the
tenant's lease. - ✔✔False. The Start Date represents the start of the tenants lease.
✔✔True or False: By default, Tenant Improvements and Leasing Commissions are paid
at the start of the tenant's lease. - ✔✔True
✔✔True or False: The Upon Expiration field within the Market Leasing profile allows
users to select a different Market Leasing profile to be used after the first Market
Leasing term is over. - ✔✔True
✔✔Contractual Renewal:
a) Utilizes the Renew Market Leasing profile terms
b) Utilizes the New Market Leasing profile terms
c) Inserts a new contract lease into the Rent Roll
d) None of the above - ✔✔c) Inserts a new contract lease
✔✔The inflation rates are displayed on which report? - ✔✔Property Summary
✔✔Which report displays New Market, Renewal Market, and Weighted Average
results? - ✔✔Assumptions Report
✔✔When your resale calculation is set to CAP NOI (12 months after sale), which year's
NOI will be used when analyzing a 6-year analysis? - ✔✔The 7th years NOI
✔✔If 12% is a desired return, enter 12% in the ________________ parent tab. -
✔✔Valuation
✔✔What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in
a base year stop structure? - ✔✔$0
✔✔What will LB Corporation pay for reimbursements in 2017? - ✔✔The amount of 2017
total operating expenses over 2016 total operating expenses
✔✔What will LB Corporation pay for reimbursements in 2018? - ✔✔The amount of 2018
total operating expenses over 2016 total operating expenses
✔✔If a tenant's space is available, but sitting vacant before they move in and you want
to show that vacancy on reports, what do you need to enter in for the Lease dates? -
, ✔✔The Available Date needs to be when the space is actually available and the Start
Date needs to be when the tenant's lease begins.
✔✔True or False: Step Rent increases can be applied in the Step Rent field or in the
Base Rent varies window. - ✔✔True
✔✔Assuming a sale date of December 2020, what will be the net proceeds from sale if
we have a resale calculation that capitalizes the NOI 12 months after sale? - ✔✔(2021
NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
✔✔Assuming a sale date of December 2020, what will be the net proceeds from sale if
we have a resale calculation that capitalises the NOI of the sale year? - ✔✔(202 NOI /
10% Cap Rate)*(1.0 - 3% adjustment)
✔✔When using an Available date that is before the Start date, the loss in potential rent
(Base Rental Revenue) can be shown on which report? - ✔✔Lease Audit
✔✔______________________ is used in retail properties where tenants are expected
to pay a percentage of their sales to the property owner. - ✔✔Percentage Rent
✔✔What is the default calculation formula for Chargeable Sales? - ✔✔Sales Volume -
Breakpoint
✔✔Calculate the General Vacancy Loss using the following assumptions:
-PGR: $800,000
-ATV: $20,000
-Calculation: 5% of PGR - ✔✔[(800,000 + 20,0000)*0.05] - $20,000 = $21,000
✔✔True or False: Additional principal payments can be factored into the loan
computations? - ✔✔True
✔✔While running a 7-year analysis on a property with a 30-year debt note in ARGUS
Enterprise, the note will _____________ at the end of the projection. - ✔✔Balloon
✔✔After changing the modeling policy for Gross Ups, any Recovery Structure already
created will default to the Gross Up percent in the Modeling Policies window. - ✔✔False
✔✔The default formula for Leasing Commissions is: - ✔✔Base Rent + Step Rent + CPI
- Free Rent
✔✔To indicate that an expense should not be included in the cash flow projection nor
used in the calculation of the NOI, select ________________ - ✔✔Reference Only
