ARGUS Enterprise Certification Exam
Review Questions
1- (T/F) Once a property asset type is selected it cannot be changed - Answer-False. In the DCF version
you cant but in enterprise the asset type CAN be changed after its created
1- (T/F) The analysis begin date defaults to the current month and year - Answer-True. and 100 years is
the longest analysis period
1- Which section in the navigation pane allows users to update a variety of different settings ranging
from managing users to data import validation rules to report settings? - Answer-control panel
1- Which of the portfolio application tabs is best described by the following statement? This application
allows users to create and view analytical charts and graphs based on a combination of properties from
the portfolio - Answer-analysis
2- What is the extension of a property asset file in argus enterprise? - Answer-.avux
2- ________ saves the updates to the property asset model to the database. If a calculation has been
performed, it also saves the latest calculation results - Answer-save property (you do this under property
view)
,2- what should be selected as the 'how input' method for the revenue or expense to be based on a
percentage of other cash flow line items in the property? - Answer-% of other. example- management
fee as % of effective gross revenue
2- Common area maintenance is $100,000 and is 50% fixed. Occupany is 75%.
A. What dollar amount should be entered in the amount 1 field?
B. What will be the actual expense on the cash flow for CAM? - Answer-A. 100,000
B. 87,500
work for B: (expense amount* % fixed) + (expense amount * % variable * % occupied)
(100,000 * .5) + (100,000 * .5 * .75) = 87,500
2- Insurance is $80,000 and is 100% fixed. Occupancy is 85%.
A. What dollar amount should be entered in the amount1 field?
B. What will be the actual expense on the cash flow for insurance? - Answer-A. 80,000
B. 80,000
2- 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 Amount1 varies window? - Answer-copy column to end
3- What is the Market rent in 2025?
relevant info from book (pg 47):
market rent in 2022 is 15
market inflation rate is 5% in 2023 and 2024, then it is 3% in 2025, 2026 and 2027 - Answer-17.03
3- What is the cpi inflation rate in 2024
relevant info from book (pg 47):
market rent in 2022 is 15
,cpi inflation rate is shown across the board as 0% - Answer-0.00%
3- When calculating a market leasing profile with the upon expiration set to renew, enterprise ________
- Answer-assumes a 100% renewal
3- (T/F) The upon expiration field within the market leasing profile allows us to select any overrides for
past terms - Answer-False
4- (T/F) When you have a one time increase, or an increase that happens at different increments or
times, utilize the fixed steps unit column - Answer-False
4- When entering an available date prior to the start date within the rent roll, argus enterprise will
assume: - Answer-the space is available, but vacant until the start date
4- The analysis start date is january 2022. A tenants lease start date is March 2022. If we want to show
the lost absorption/ turnover rent for this tenant, what would be entered in the following fields?
A. Available date field:
B. Start date field: - Answer-A. Jan 2022
B. March 2022
4- (T/F) The lost absorption/ Turnover rent being reported for the months prior to a lease start will
appear on the individual tenant cash flow/ LPV report - Answer-False
4- calc percentage rent
info from txt pg 88:
tenant size: 2,450 SF
tenant rent: $13 sf/year
4% sales %
, sales amount: 950,000 - Answer-$6150
work:
sales volume - breakpoint * sales %
950,000- ( (2450*13)/4 )* 4%
$6150
4- The % of total rental revenue method is calculated by taking the scheduled base rent + ______ -
Answer-CPI Increases
4- (T/F) The general vacancy calculation frequency can be monthly or annually - Answer-true
4- What is the general vacancy for this building?
info from pg 89:
potential gross revenue: 9,600,000
absorption & turnover vacancy: 230,000
5% general vacancy - Answer-261,500
work:
(pgr + absorption & turnover) * vacancy rate - absorption and turnover
(9600000 + 230000) * 5% - 230,000
261,500
5- Calculate the utilities expense, using the following assumptions
property size= 35,000 SF
utilities expense= 0.15/sf/year --> 35% fixed
occupancy= 80% - Answer-(expenses * fixed%) + (expenses * variable % * occupancy %)
Review Questions
1- (T/F) Once a property asset type is selected it cannot be changed - Answer-False. In the DCF version
you cant but in enterprise the asset type CAN be changed after its created
1- (T/F) The analysis begin date defaults to the current month and year - Answer-True. and 100 years is
the longest analysis period
1- Which section in the navigation pane allows users to update a variety of different settings ranging
from managing users to data import validation rules to report settings? - Answer-control panel
1- Which of the portfolio application tabs is best described by the following statement? This application
allows users to create and view analytical charts and graphs based on a combination of properties from
the portfolio - Answer-analysis
2- What is the extension of a property asset file in argus enterprise? - Answer-.avux
2- ________ saves the updates to the property asset model to the database. If a calculation has been
performed, it also saves the latest calculation results - Answer-save property (you do this under property
view)
,2- what should be selected as the 'how input' method for the revenue or expense to be based on a
percentage of other cash flow line items in the property? - Answer-% of other. example- management
fee as % of effective gross revenue
2- Common area maintenance is $100,000 and is 50% fixed. Occupany is 75%.
A. What dollar amount should be entered in the amount 1 field?
B. What will be the actual expense on the cash flow for CAM? - Answer-A. 100,000
B. 87,500
work for B: (expense amount* % fixed) + (expense amount * % variable * % occupied)
(100,000 * .5) + (100,000 * .5 * .75) = 87,500
2- Insurance is $80,000 and is 100% fixed. Occupancy is 85%.
A. What dollar amount should be entered in the amount1 field?
B. What will be the actual expense on the cash flow for insurance? - Answer-A. 80,000
B. 80,000
2- 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 Amount1 varies window? - Answer-copy column to end
3- What is the Market rent in 2025?
relevant info from book (pg 47):
market rent in 2022 is 15
market inflation rate is 5% in 2023 and 2024, then it is 3% in 2025, 2026 and 2027 - Answer-17.03
3- What is the cpi inflation rate in 2024
relevant info from book (pg 47):
market rent in 2022 is 15
,cpi inflation rate is shown across the board as 0% - Answer-0.00%
3- When calculating a market leasing profile with the upon expiration set to renew, enterprise ________
- Answer-assumes a 100% renewal
3- (T/F) The upon expiration field within the market leasing profile allows us to select any overrides for
past terms - Answer-False
4- (T/F) When you have a one time increase, or an increase that happens at different increments or
times, utilize the fixed steps unit column - Answer-False
4- When entering an available date prior to the start date within the rent roll, argus enterprise will
assume: - Answer-the space is available, but vacant until the start date
4- The analysis start date is january 2022. A tenants lease start date is March 2022. If we want to show
the lost absorption/ turnover rent for this tenant, what would be entered in the following fields?
A. Available date field:
B. Start date field: - Answer-A. Jan 2022
B. March 2022
4- (T/F) The lost absorption/ Turnover rent being reported for the months prior to a lease start will
appear on the individual tenant cash flow/ LPV report - Answer-False
4- calc percentage rent
info from txt pg 88:
tenant size: 2,450 SF
tenant rent: $13 sf/year
4% sales %
, sales amount: 950,000 - Answer-$6150
work:
sales volume - breakpoint * sales %
950,000- ( (2450*13)/4 )* 4%
$6150
4- The % of total rental revenue method is calculated by taking the scheduled base rent + ______ -
Answer-CPI Increases
4- (T/F) The general vacancy calculation frequency can be monthly or annually - Answer-true
4- What is the general vacancy for this building?
info from pg 89:
potential gross revenue: 9,600,000
absorption & turnover vacancy: 230,000
5% general vacancy - Answer-261,500
work:
(pgr + absorption & turnover) * vacancy rate - absorption and turnover
(9600000 + 230000) * 5% - 230,000
261,500
5- Calculate the utilities expense, using the following assumptions
property size= 35,000 SF
utilities expense= 0.15/sf/year --> 35% fixed
occupancy= 80% - Answer-(expenses * fixed%) + (expenses * variable % * occupancy %)
