ARGUS EXAM QUESTIONS AND ANSWERS GRADE A+
Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling Costs. Capitalize the NOI to
determine the Net Sales Price: - 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: - Answer-Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis... -
Answer-TRUE
What are the Classification types: - Answer-Property, Tenant, System
Users can create _______ values for property and tenant classifications - Answer-More than 100
Total Revenue Calculation = - Answer-Scheduled Base Rent + CPI Increases
Default Free Rent = - Answer-Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of
property documents - Answer-Attachments Tab
Natural Breakpoint for % Rent = - Answer-Base Rent / Sales %
When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS
Enterprise: - Answer-Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" : - Answer-At the beginning of each lease year start in the 2nd year
A portfolio may have _______ Chart of Accounts applied at a time: - Answer-One
Percentage Rent:
Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural - 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: - Answer-TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method: -
Answer-Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow: - Answer-TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll
over term: - Answer-True
Levels offered with the Charts of Accounts: - Answer-1. Parent/Header
2. Cash Flow/GL Account
3. Detail/Job Costs
To adjust the Base Rent when you have a one time increase, or increases that happen at
different increments use the fixed steps unit column: - Answer-FALSE
Entering a property address will allow a user to access a map of the location in ARGUS
Enterprise: - Answer-FALSE
The purpose of a Market Leasing Profile: - Answer-1. Apply leasing assumptions to a tenant area
when the current lease for that space expires
2. Speculative leasing or Space Absorption of vacant space
When entering an Available Date prior to the Start Date on the Rent Roll tab, AE assumes: -
Answer-Space available, but vacant until the start date
Reports can be accessed by clicking Property Reports: - Answer-1. Executive Summary
2. Budget Comparison
3. Cash Flow
To indicate that an Expense should not be included in the Cash Flow projection nor used in the
calculation of the NOI, select the ______ option - Answer-Reference Only
Percentage Rent Fields are only available when ________ is selected as the property type. -
Answer-Retail or Mixed Use (that includes Retail)
________ allows us to take who has been in the asset and what changes have been made to
that asset. - Answer-Audit Log
Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling Costs. Capitalize the NOI to
determine the Net Sales Price: - 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: - Answer-Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis... -
Answer-TRUE
What are the Classification types: - Answer-Property, Tenant, System
Users can create _______ values for property and tenant classifications - Answer-More than 100
Total Revenue Calculation = - Answer-Scheduled Base Rent + CPI Increases
Default Free Rent = - Answer-Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of
property documents - Answer-Attachments Tab
Natural Breakpoint for % Rent = - Answer-Base Rent / Sales %
When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS
Enterprise: - Answer-Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" : - Answer-At the beginning of each lease year start in the 2nd year
A portfolio may have _______ Chart of Accounts applied at a time: - Answer-One
Percentage Rent:
Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural - 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: - Answer-TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method: -
Answer-Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow: - Answer-TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll
over term: - Answer-True
Levels offered with the Charts of Accounts: - Answer-1. Parent/Header
2. Cash Flow/GL Account
3. Detail/Job Costs
To adjust the Base Rent when you have a one time increase, or increases that happen at
different increments use the fixed steps unit column: - Answer-FALSE
Entering a property address will allow a user to access a map of the location in ARGUS
Enterprise: - Answer-FALSE
The purpose of a Market Leasing Profile: - Answer-1. Apply leasing assumptions to a tenant area
when the current lease for that space expires
2. Speculative leasing or Space Absorption of vacant space
When entering an Available Date prior to the Start Date on the Rent Roll tab, AE assumes: -
Answer-Space available, but vacant until the start date
Reports can be accessed by clicking Property Reports: - Answer-1. Executive Summary
2. Budget Comparison
3. Cash Flow
To indicate that an Expense should not be included in the Cash Flow projection nor used in the
calculation of the NOI, select the ______ option - Answer-Reference Only
Percentage Rent Fields are only available when ________ is selected as the property type. -
Answer-Retail or Mixed Use (that includes Retail)
________ allows us to take who has been in the asset and what changes have been made to
that asset. - Answer-Audit Log
