2024 ARGUS Certification Questions And Answers Rated A+

1. Once a Property Asset Type is selected it cannot be changed - Answer-False 2. The Analysis Begin Date defaults to the current Month and Year - Answer-True 3. Common Area Maintenance (CAM) is $100,000 and is 50.0% fixed. Occupancy is 75.0%. What dollar amount should be entered in the Amount1 field? (no commas) - Answer-100000 4. Common Area Maintenance (CAM) is $100,000 and is 50.0% fixed. Occupancy is 75.0%. What will be the actual expense on the Cash Flow for CAM (no commas) - Answer-(100000*.5)+(50000*.75)=87500 5. What default elements are included in Free Rent? - Answer-Base Rent, Step Rent, CPI 6. When calculating a Market Leasing profile with the Upon Expiration set to Renewal, ARGUS Enterprise...Assumes a 100% renewal. - Answer- 7. The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms - Answer-False 8. Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window - AnswerTrue 9. What property types will have the Percentage Rent fields? - Answer-Retail, Mixed Use (that include Retail) 10. If the Upon Expiration for the "Retail Profile" Market Leasing profile is set to "Office Profile" how will that change the cash flow? - Answer-The Cash Flow will use office market data after the retail profile is done. 11. If there is 20,000 SF of vacant space entered in the Space Absorption tab, how many leases will be created if the Average Lease Area is 3,000 SF - Answer-712. A tenant can have multiple recovery structures applied to their lease - Answer-False 13. Detailed Recovery Structures can be assigned to Market Leasing profiles in the Tenant - Recoveries tab - Answer-False 14. Tenants can belong to multiple Tenant Groups - Answer-True 15. Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0% and reimbursable expenses are grossed up to 100.0%. What is the operating expense amount that will appear on the Cash Flow report? (Enter value with NO commas) - Answer- (30000*.6)+(30000*.4*.7)=26400 16. Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0% and reimbursable expenses are grossed up to 100.0%. What is the operating expense amount that is eligible to be used in recovery calculations? (Enter value with NO commas) - Answer- 30000