ARGUS Enterprise Certification Exam
Practice – Questions And Correct Answers
(Verified Answers) Plus Rationales 2026
Q&A | Instant Download Pdf
1. What is the primary purpose of ARGUS Enterprise (AE)?
a) Word processing
b) Real estate financial modeling and valuation
c) Graphic design
d) Marketing analytics
ARGUS Enterprise is specifically designed for commercial real estate
valuation, forecasting, and analysis.
2. In AE, which module is used to analyze cash flows at the lease
level?
a) Portfolio
b) Valuation
c) Reporting
d) Dashboard
The Valuation module allows detailed lease-level cash flow modeling,
including rent schedules, operating expenses, and tenant terms.
3. What does the acronym NPV stand for in AE reporting?
a) Net Present Value
b) Net Present Value
, c) Net Profit Variance
d) Nominal Portfolio Value
NPV calculates the present value of future cash flows discounted at a
specified rate.
4. Which type of rent structure allows a tenant to pay a base rent
plus a percentage of sales?
a) Gross lease
b) Percentage lease
c) Net lease
d) Modified gross lease
Percentage leases combine a fixed base rent with a variable component
tied to tenant sales.
5. What is the default assumption for AE when a tenant’s lease
contains a free rent period?
a) Rent is ignored
b) Rent is deferred in the cash flow schedule
c) Rent is fully accelerated
d) Lease is terminated
AE defers rent during free rent periods and incorporates it into the cash
flow schedule accurately.
6. Which AE report summarizes all income, expenses, and net cash
flows for a property?
a) Rent Roll
b) Cash Flow Statement
c) Sensitivity Analysis
d) Lease Abstract
, The Cash Flow Statement aggregates all income and expense line items
to show net property cash flows.
7. Which AE feature allows scenario comparison, such as different
discount rates or exit cap rates?
a) Reporting
b) What-If Analysis / Scenarios
c) Portfolio Tree
d) Lease Abstract
Scenario analysis allows users to test assumptions and compare
alternative outcomes.
8. In AE, which cost is typically not included in NOI (Net Operating
Income)?
a) Property taxes
b) Management fees
c) Debt service
d) Insurance
NOI is calculated before financing costs, so debt service is excluded.
9. What is the purpose of a Roll-Forward in AE?
a) To create new properties
b) To extend cash flows for an existing lease or property
c) To delete past data
d) To change reporting currency
Roll-forward updates the cash flow projection as leases progress or
assumptions change.
10. Which AE module allows users to consolidate multiple
properties for a portfolio-level view?
Practice – Questions And Correct Answers
(Verified Answers) Plus Rationales 2026
Q&A | Instant Download Pdf
1. What is the primary purpose of ARGUS Enterprise (AE)?
a) Word processing
b) Real estate financial modeling and valuation
c) Graphic design
d) Marketing analytics
ARGUS Enterprise is specifically designed for commercial real estate
valuation, forecasting, and analysis.
2. In AE, which module is used to analyze cash flows at the lease
level?
a) Portfolio
b) Valuation
c) Reporting
d) Dashboard
The Valuation module allows detailed lease-level cash flow modeling,
including rent schedules, operating expenses, and tenant terms.
3. What does the acronym NPV stand for in AE reporting?
a) Net Present Value
b) Net Present Value
, c) Net Profit Variance
d) Nominal Portfolio Value
NPV calculates the present value of future cash flows discounted at a
specified rate.
4. Which type of rent structure allows a tenant to pay a base rent
plus a percentage of sales?
a) Gross lease
b) Percentage lease
c) Net lease
d) Modified gross lease
Percentage leases combine a fixed base rent with a variable component
tied to tenant sales.
5. What is the default assumption for AE when a tenant’s lease
contains a free rent period?
a) Rent is ignored
b) Rent is deferred in the cash flow schedule
c) Rent is fully accelerated
d) Lease is terminated
AE defers rent during free rent periods and incorporates it into the cash
flow schedule accurately.
6. Which AE report summarizes all income, expenses, and net cash
flows for a property?
a) Rent Roll
b) Cash Flow Statement
c) Sensitivity Analysis
d) Lease Abstract
, The Cash Flow Statement aggregates all income and expense line items
to show net property cash flows.
7. Which AE feature allows scenario comparison, such as different
discount rates or exit cap rates?
a) Reporting
b) What-If Analysis / Scenarios
c) Portfolio Tree
d) Lease Abstract
Scenario analysis allows users to test assumptions and compare
alternative outcomes.
8. In AE, which cost is typically not included in NOI (Net Operating
Income)?
a) Property taxes
b) Management fees
c) Debt service
d) Insurance
NOI is calculated before financing costs, so debt service is excluded.
9. What is the purpose of a Roll-Forward in AE?
a) To create new properties
b) To extend cash flows for an existing lease or property
c) To delete past data
d) To change reporting currency
Roll-forward updates the cash flow projection as leases progress or
assumptions change.
10. Which AE module allows users to consolidate multiple
properties for a portfolio-level view?
