Argus Certification Practice Test Questions and Answers 100% Pass

Argus Certification Practice Test Questions and Answers 100% Pass True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. True In AE, a user can add over 100 properties into a portfolio. True Which is a benefit to utilizing a Chart of Accounts? a) Easier to track Revenues/Expenses b) Standardizes portfolio for names of all Expenses/Revenues c) Helps with accounting system integration d) All of the above All of the above In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. True The Discard Changes option will discard only the last change you have made to the property record. False Only users with appropriate permissions can access all of the features in the Control Panel. True To lock down a specific property and restrict who can edit it, click the _____________ button located in the ARGUS Enterprise Ribbon bar. Check Out Property True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. True The Expense Inflation Rate will be the default percentage for: a) Operating Expenses b) Non-Operating Expenses c) Capital Expenses d) All of the above All of the above True or False: Every inflation category must be given a number or it will default to the General Inflation Rate. False Assuming a 60% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis (revenue is $13,000 with fixed percentage of 0%). $7,800 (.6*13000) Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. $0 Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. $13,000 What is the Capital Expense amount that will appear on the Cash Flow? $63,654??? Free Rent, by default, kick in at the beginning of the _________. Tenant's Lease Start Date 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 True or False: The percentage of the expense that is eligible to be recovered can be altered for the entire property within the Expense tab True What is the default formula for Free Rent? Base Rent + Fixed Steps + CPI True or False: Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability. True True or False: The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. True True or False: When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? Portfolio Details To change the report interval setting, click the _____________ button. Report Options Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting except: a) Excel b) Tiff c) PDF d) HTML d) HTML