ARGUS CERTIFICATION PRACTICE TEST, ARGUS
CERTIFICATION EXAM
True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS
Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation -
Answers- True
In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within
certain sections of the program. - Answers- True
In AE, a user can add over 100 properties into a portfolio. - Answers- 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 - Answers- All of the above
In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. -
Answers- True
The Discard Changes option will discard only the last change you have made to the
property record. - Answers- False
Only users with appropriate permissions can access all of the features in the Control
Panel. - Answers- True
To lock down a specific property and restrict who can edit it, click the _____________
button located in the ARGUS Enterprise Ribbon bar. - Answers- Check Out Property
True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. -
Answers- 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 - Answers- All of the above
True or False: Every inflation category must be given a number or it will default to the
General Inflation Rate. - Answers- 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%). - Answers- $7,800
(.6*13000)
Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the
analysis. - Answers- $0
Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the
analysis. - Answers- $13,000
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? - Answers- The 7th years NOI
If 12% is a desired return, enter 12% in the ________________ parent tab. - Answers-
Valuation
What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in a
base year stop structure? - Answers- $0
What will LB Corporation pay for reimbursements in 2017? - Answers- The amount of
2017 total operating expenses over 2016 total operating expenses
What will LB Corporation pay for reimbursements in 2018? - Answers- 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? -
Answers- 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. - Answers- 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? - Answers-
(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? - Answers- (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? - Answers- Lease Audit
______________________ is used in retail properties where tenants are expected to
pay a percentage of their sales to the property owner. - Answers- Percentage Rent
CERTIFICATION EXAM
True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS
Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation -
Answers- True
In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within
certain sections of the program. - Answers- True
In AE, a user can add over 100 properties into a portfolio. - Answers- 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 - Answers- All of the above
In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. -
Answers- True
The Discard Changes option will discard only the last change you have made to the
property record. - Answers- False
Only users with appropriate permissions can access all of the features in the Control
Panel. - Answers- True
To lock down a specific property and restrict who can edit it, click the _____________
button located in the ARGUS Enterprise Ribbon bar. - Answers- Check Out Property
True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. -
Answers- 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 - Answers- All of the above
True or False: Every inflation category must be given a number or it will default to the
General Inflation Rate. - Answers- 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%). - Answers- $7,800
(.6*13000)
Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the
analysis. - Answers- $0
Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the
analysis. - Answers- $13,000
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? - Answers- The 7th years NOI
If 12% is a desired return, enter 12% in the ________________ parent tab. - Answers-
Valuation
What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in a
base year stop structure? - Answers- $0
What will LB Corporation pay for reimbursements in 2017? - Answers- The amount of
2017 total operating expenses over 2016 total operating expenses
What will LB Corporation pay for reimbursements in 2018? - Answers- 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? -
Answers- 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. - Answers- 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? - Answers-
(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? - Answers- (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? - Answers- Lease Audit
______________________ is used in retail properties where tenants are expected to
pay a percentage of their sales to the property owner. - Answers- Percentage Rent
