ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
1) If a Notary refuses to notarize an affidavit presented for NY notary Mobile services. What is the Once a
Property Asset Type is selected it cannot be changed (T/F) - (answer) False
The Analysis Begin date defaults to the current Month and Year (T/F) - (answer) True
Which of the following is a classification type in AE? Select all that apply.
a. Property
b. Tenant
c. Region
d. Lease - (answer) a. Property
b. Tenant
Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) - (answer) True
What is the extension of a property asset file in ARGUS Enterprise?
a. .sf
b. .avux
c. .aeex
d. .aeix - (answer) 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 - (answer) d. Edit Property
,ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
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 - (answer) 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 - (answer) 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 - (answer) 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) - (answer) 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). - (answer) Cap Rate
,ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
Tenant Improvements/Leasing Commissions can be subtracted out of the Resale calculation (T/F) -
(answer) True
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the
_________________ tab? - (answer) Assumptions
Within the Investments tab, the _______________________ tab is used to calculate notes outside of the
AE system. - (answer) Other Debt
By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) - (answer) True
Enter Other Debt information into the Valuation tab (T/F) - (answer) False
When you have a one-time increase, or an increase that happens at different increments or times utilize
the Fixed Steps Unit column (T/F) - (answer)
When entering an Available Date prior to the Start Date within the Rent Roll - (answer)
Net - (answer) All recoverable expenses are paid by the tenant based on their proportionate share of
the building area.
Base Year Stop - (answer) All recoverable expenses are paid by the tenant based on their proportionate
share of the building area over a stop amount, which is the amount of annual recoverable expenses in
the base year, or first year, of the lease calculated by the system. If the tenant's lease begins prior to the
analysis start date and you select Base Year Stop, the calculated stop will use all reimbursable expenses
in the first year of the analysis.
Stop Amount - (answer) Enter the building stop amount. Tenants for whom you select this method will
reimburse all recoverable expenses over the building stop amount entered based on their proportionate
share of the building area.
, ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
Stop Amount/Area - (answer) Enter the building stop amount/area. Tenants for whom you select this
method will reimburse all recoverable expenses over the building stop amount/area entered based on
their proportionate share of the building area.
Fixed Amount - (answer) Enter the annual recovery amount that will be paid by the tenant each year.
The fixed amount can be a single amount or it can vary over time. The fixed amount is a tenant amount
not a building amount.
Fixed Amount/Area - (answer) Enter the annual amount/area recovery that will be paid by the tenant
each year. The fixed amount/area can be a single amount or it can vary over time. The rate entered
varies according the amount of area under lease, not according to the entire building area.
None - (answer) No recoveries will be calculated for the tenant.
Market - (answer) Select the tenants to be included in the Market calculation.
Base Year Stop +1 - (answer) Expense stop will be established by the amount of recoverable expenses
in the recovery year following the year the lease begins. Note if you select this method and the lease
year is before the analysis start date, yet within the first recovery year, then the expense stop will be set
to equal the recoveries from the second recovery year. If you select this method and the lease year is
before the analysis start date and prior to the start of the first recovery year, then the expense stop will
be set in the same manner as the existing base year stop.
Base Year Stop -1 - (answer) 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 - (answer) 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.
QUESTIONS AND CORRECT DETAILED ANSWERS
1) If a Notary refuses to notarize an affidavit presented for NY notary Mobile services. What is the Once a
Property Asset Type is selected it cannot be changed (T/F) - (answer) False
The Analysis Begin date defaults to the current Month and Year (T/F) - (answer) True
Which of the following is a classification type in AE? Select all that apply.
a. Property
b. Tenant
c. Region
d. Lease - (answer) a. Property
b. Tenant
Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) - (answer) True
What is the extension of a property asset file in ARGUS Enterprise?
a. .sf
b. .avux
c. .aeex
d. .aeix - (answer) 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 - (answer) d. Edit Property
,ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
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 - (answer) 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 - (answer) 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 - (answer) 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) - (answer) 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). - (answer) Cap Rate
,ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
Tenant Improvements/Leasing Commissions can be subtracted out of the Resale calculation (T/F) -
(answer) True
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the
_________________ tab? - (answer) Assumptions
Within the Investments tab, the _______________________ tab is used to calculate notes outside of the
AE system. - (answer) Other Debt
By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) - (answer) True
Enter Other Debt information into the Valuation tab (T/F) - (answer) False
When you have a one-time increase, or an increase that happens at different increments or times utilize
the Fixed Steps Unit column (T/F) - (answer)
When entering an Available Date prior to the Start Date within the Rent Roll - (answer)
Net - (answer) All recoverable expenses are paid by the tenant based on their proportionate share of
the building area.
Base Year Stop - (answer) All recoverable expenses are paid by the tenant based on their proportionate
share of the building area over a stop amount, which is the amount of annual recoverable expenses in
the base year, or first year, of the lease calculated by the system. If the tenant's lease begins prior to the
analysis start date and you select Base Year Stop, the calculated stop will use all reimbursable expenses
in the first year of the analysis.
Stop Amount - (answer) Enter the building stop amount. Tenants for whom you select this method will
reimburse all recoverable expenses over the building stop amount entered based on their proportionate
share of the building area.
, ARGUS CERTIFICATION EXAM WRITTEN EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
Stop Amount/Area - (answer) Enter the building stop amount/area. Tenants for whom you select this
method will reimburse all recoverable expenses over the building stop amount/area entered based on
their proportionate share of the building area.
Fixed Amount - (answer) Enter the annual recovery amount that will be paid by the tenant each year.
The fixed amount can be a single amount or it can vary over time. The fixed amount is a tenant amount
not a building amount.
Fixed Amount/Area - (answer) Enter the annual amount/area recovery that will be paid by the tenant
each year. The fixed amount/area can be a single amount or it can vary over time. The rate entered
varies according the amount of area under lease, not according to the entire building area.
None - (answer) No recoveries will be calculated for the tenant.
Market - (answer) Select the tenants to be included in the Market calculation.
Base Year Stop +1 - (answer) Expense stop will be established by the amount of recoverable expenses
in the recovery year following the year the lease begins. Note if you select this method and the lease
year is before the analysis start date, yet within the first recovery year, then the expense stop will be set
to equal the recoveries from the second recovery year. If you select this method and the lease year is
before the analysis start date and prior to the start of the first recovery year, then the expense stop will
be set in the same manner as the existing base year stop.
Base Year Stop -1 - (answer) 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 - (answer) 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.
