ARGUS EXAM Questions and Correct
Answers
Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling
Costs. Capitalize the NOI to determine the Net Sales Price: Ans:
Step 1: NOI/Cap Rate = Sales Price
Step 2: Sales Price x Selling Costs % = Selling Cost
Step 3: Sales Price - Selling Costs = Net Sales Price
Which recovery structure would you select to enter in a tenant that
pays their net pro rata share of all expenses over a specified base
stop: Ans: Stop Amount/Area
Users Can define a varying building area over time by clicking the
building area ellipsis... Ans: TRUE
What are the Classification types: Ans: Property, Tenant, System
Users can create _______ values for property and tenant
classifications Ans: More than 100
Total Revenue Calculation = Ans: Scheduled Base Rent + CPI
Increases
Default Free Rent = Ans: Base Rent + Fixed Steps + CPI Increases
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The ________ allows users to upload numerous files and URLs to
centralize the location of property documents Ans: Attachments
Tab
Natural Breakpoint for % Rent = Ans: Base Rent / Sales %
When calculating a Market Leasing Profile with the upon expiration
set to vacate, ARGUS Enterprise: Ans: Assumes a 0% renewal
probability
When will the CPI Increase be applied to a tenant when the
selected method is "Each Lease Anniversary" : Ans: At the
beginning of each lease year start in the 2nd year
A portfolio may have _______ Chart of Accounts applied at a time:
Ans: One
Percentage Rent:
Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural Ans: Step 1: Natural Breakpoint = Base Rent
/%
Step 2: Chargeable Sales = Volume - Breakpoint
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