ARGUS EXAM UPDATED ACTUAL 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: - CORRECT ANSWER - 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: - CORRECT ANSWER - Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis... -
CORRECT ANSWER - TRUE
What are the Classification types: - CORRECT ANSWER - Property, Tenant, System
Users can create _______ values for property and tenant classifications - CORRECT
ANSWER - More than 100
Total Revenue Calculation = - CORRECT ANSWER - Scheduled Base Rent + CPI
Increases
Default Free Rent = - CORRECT ANSWER - Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of
property documents - CORRECT ANSWER - Attachments Tab
Natural Breakpoint for % Rent = - CORRECT ANSWER - Base Rent / Sales %
, When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS
Enterprise: - CORRECT ANSWER - Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" : - CORRECT ANSWER - At the beginning of each lease year start in the
2nd year
A portfolio may have _______ Chart of Accounts applied at a time: - CORRECT
ANSWER - One
Percentage Rent:
Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural - CORRECT ANSWER - Step 1: Natural Breakpoint = Base Rent /
%
Step 2: Chargeable Sales = Volume - Breakpoint
Step 3: Retail Sales Revenue = Chargeable Sales x %
Any type of item can be added on as a Miscellaneous Rent if they are directly related to the
tenant: - CORRECT ANSWER - TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method: -
CORRECT ANSWER - Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow: - CORRECT
ANSWER - TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll
over term: - CORRECT ANSWER - True
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: - CORRECT ANSWER - 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: - CORRECT ANSWER - Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis... -
CORRECT ANSWER - TRUE
What are the Classification types: - CORRECT ANSWER - Property, Tenant, System
Users can create _______ values for property and tenant classifications - CORRECT
ANSWER - More than 100
Total Revenue Calculation = - CORRECT ANSWER - Scheduled Base Rent + CPI
Increases
Default Free Rent = - CORRECT ANSWER - Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of
property documents - CORRECT ANSWER - Attachments Tab
Natural Breakpoint for % Rent = - CORRECT ANSWER - Base Rent / Sales %
, When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS
Enterprise: - CORRECT ANSWER - Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" : - CORRECT ANSWER - At the beginning of each lease year start in the
2nd year
A portfolio may have _______ Chart of Accounts applied at a time: - CORRECT
ANSWER - One
Percentage Rent:
Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural - CORRECT ANSWER - Step 1: Natural Breakpoint = Base Rent /
%
Step 2: Chargeable Sales = Volume - Breakpoint
Step 3: Retail Sales Revenue = Chargeable Sales x %
Any type of item can be added on as a Miscellaneous Rent if they are directly related to the
tenant: - CORRECT ANSWER - TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method: -
CORRECT ANSWER - Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow: - CORRECT
ANSWER - TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll
over term: - CORRECT ANSWER - True
