Argus Certification Exam, Argus Certification Practice Test, ARGUS Certification Exam Questions and Answers 2023

Argus Certification Exam, Argus Certification Practice Test, ARGUS Certification Exam Questions and Answers 2023 Once a Property Asset Type is selected it cannot be changed (T/F) False The Analysis Begin date defaults to the current Month and Year (T/F) True Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region d. Lease a. Property b. Tenant Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) True What is the extension of a property asset file in ARGUS Enterprise? a. .sf b. .avux c. .aeex d. .aeix b. avux To take a property out of read-only mode, the ______________ button must be selected from the Ribbon. a. Refresh b. Ellipses c. Check In/Out Property d. Edit Property d. Edit Property 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? a. Amount 1 b. Sub-lines c. % of Other d. Currency Amount / Vacant Area c. % of Other To replicate a value in a specific month of each year during the project for a specific expense, you must click which button in the amount 1 Varies window? a. Copy Across & Down b. Copy to End c. Copy Column to End d. Column c. Copy Column to End When calculating a Market Leasing profile with the Upon Expiration set to Renewal, Enterprise ________________________________________. a. Assumes a 0% renewal b. Takes a weighted average c. Assumes the space goes dark d. Assumes a 100% renewal d. Assumes a 100% renewal The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms (T/F) False The Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the ______________________, when using CAP NOI (12 Months After Sale). Cap Rate Tenant Improvements/Leasing Commissions can be subtracted out of the Resale calculation (T/F) True Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the _________________ tab? Assumptions Within the Investments tab, the _______________________ tab is used to calculate notes outside of the AE system. Other Debt By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) True Enter Other Debt information into the Valuation tab (T/F) False When you have a one-time increase, or an increase that happens at different increments or times utilize the Fixed Steps Unit column (T/F) ... When entering an Available Date prior to the Start Date within the Rent Roll ... Net All recoverable expenses are paid by the tenant based on their proportionate share of the building area. Base Year Stop All recoverable expenses are paid by the tenant based on their proportionate share of the building area over a stop amount, which is the amount of annual recoverable expenses in the base year, or first year, of the lease calculated by the system. If the tenant's lease begins prior to the analysis start date and you select Base Year Stop, the calculated stop will use all reimbursable expenses in the first year of the analysis. Stop Amount Enter the building stop amount. Tenants for whom you select this method will reimburse all recoverable expenses over the building stop amount entered based on their proportionate share of the building area. Stop Amount/Area Enter the building stop amount/area. Tenants for whom you select this method will reimburse all recoverable expenses over the building stop amount/area entered based on their proportionate share of the building area. Fixed Amount Enter the annual recovery amount that will be paid by the tenant each year. The fixed amount can be a single amount or it can vary over time. The fixed amount is a tenant amount not a building amount. Fixed Amount/Area Enter the annual amount/area recovery that will be paid by the tenant each year. The fixed amount/area can be a single amount or it can vary over time. The rate entered varies according the amount of area under lease, not according to the entire building area. None No recoveries will be calculated for the tenant. Market Select the tenants to be included in the Market calculation. Base Year Stop +1 Expense stop will be established by the amount of recoverable expenses in the recovery year following the year the lease begins. Note if you select this method and the lease year is before the analysis start date, yet within the first recovery year, then the expense stop will be set to equal the recoveries from the second recovery year. If you select this method and the lease year is before the analysis start date and prior to the start of the first recovery year, then the expense stop will be set in the same manner as the existing base year stop. Base Year Stop -1 Expense stop will be established by the amount of recoverable expenses in the recovery year prior to year the lease begins. If you select this method and the lease begins before the analysis, the expense stop will be set in the same manner as the existing base year stop recovery method. If you select this method and the lease begins during the first analysis year yet after the start of the second recovery year, the expense stop will be established by the recoverable expenses that occur within the first recovery year. User Recovery Structures You can also create user-constructed recovery structures. These provide you with the ability to create custom recovery structures which apply different recovery methods to individual expenses or expense groups. This flexibility allows you to model virtually any recovery structure you might encounter in a commercial real estate lease contract. Market (Upon Expiration) Renewal processed based on the renewal probability in the Market Leasing profile (weighted average calculations of new and renewal rates for market rents, TI's, LC's etc.) Reabsorb All income for the space will cease when the initial lease term expires. In other words the space "goes dark" and does not lease again. This allows the space to be "reabsorbed" or re-leased either in full or in smaller sections Renew Assumes a 100% renewal probability for the current renewal period. A new speculative lease is created based on the renewal market entries in the Market Leasing profile. Vacate Assumes a 0% renewal probability for the current renewal period. A new speculative lease is created based on the new market entries in the Market Leasing profile.