ARGUS CERTIFICATION EXAM QUESTIONS AND
ANSWERS
Once a Property Asset Type is selected it cannot be changed (T/F) - Answers- False
The Analysis Begin date defaults to the current Month and Year (T/F) - Answers- True
Which of the following is a classification type in AE? Select all that apply.
a. Property
b. Tenant
c. Region
d. Lease - Answers- a. Property
b. Tenant
Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) -
Answers- True
What is the extension of a property asset file in ARGUS Enterprise?
a. .sf
b. .avux
c. .aeex
d. .aeix - Answers- 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 - Answers- 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 - Answers- 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 - Answers- 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 - Answers- 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) - Answers- 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). - Answers-
Cap Rate
Tenant Improvements/Leasing Commissions can be subtracted out of the Resale
calculation (T/F) - Answers- True
Base Year Stop -1 - Answers- 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 - Answers- 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) - Answers- 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.)
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be
changed in the _________________ tab? - Answers- Assumptions
Within the Investments tab, the _______________________ tab is used to calculate
notes outside of the AE system. - Answers- Other Debt
ANSWERS
Once a Property Asset Type is selected it cannot be changed (T/F) - Answers- False
The Analysis Begin date defaults to the current Month and Year (T/F) - Answers- True
Which of the following is a classification type in AE? Select all that apply.
a. Property
b. Tenant
c. Region
d. Lease - Answers- a. Property
b. Tenant
Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) -
Answers- True
What is the extension of a property asset file in ARGUS Enterprise?
a. .sf
b. .avux
c. .aeex
d. .aeix - Answers- 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 - Answers- 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 - Answers- 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 - Answers- 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 - Answers- 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) - Answers- 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). - Answers-
Cap Rate
Tenant Improvements/Leasing Commissions can be subtracted out of the Resale
calculation (T/F) - Answers- True
Base Year Stop -1 - Answers- 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 - Answers- 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) - Answers- 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.)
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be
changed in the _________________ tab? - Answers- Assumptions
Within the Investments tab, the _______________________ tab is used to calculate
notes outside of the AE system. - Answers- Other Debt
