ARGUS Cert Exam Review Questions and answers 2025

ARGUS Cert Exam Review Questions and answers 2025 ARGUS Cert Exam Review Questions 1. Once a Property Asset Type is selected it cannot be changed. a. True b. False b 2. The Analysis Begin Date defaults to the current Month and Year. a. True b. False a 3. Which section in the Navigation Pane allows users to update a variety of different settings ranging from Managing Users to Data Import Validation Rules to Report Settings? a. Property Portfolios b. Global Categories c. Help d. Control Panel d 4. Which of the Portfolio Application Tabs is best described by the following statement? This application allows users to create and view analytical charts and graphs based on a combination of properties from the portfolio. a. Portfolio Details b. Scenarios c. Reports d. Analysis d 5. What is the extension of a property asset file in ARGUS Enterprise? a. .sf b. .avux b 1 / 24 ARGUS Cert Exam Review Questions Study online at c. .aeex d. .aeix 6. ___________ saves the updates to the property asset model to the database. If a calculation has been performed, it also saves the latest calculation results. a. Refresh b. Save Property to File c. Check In/Out Property d. Save Property d 7. What should be selected as the 'How Input' method 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 c 8. Common Area Maintenance (CAM) is $100,000 and is 50.0% fixed. Occupancy is 75.0%. a. What dollar amount should be entered in the Amount1 field? b. What will be the actual expense on the Cash Flow for CAM? a. $100,000 b. $87,500 [($100,000*50% Fixed) + ($100,000*50% Variable*75% Occupied)] = $87,500 9. Insurance is $80,000 and is 100% fixed. Occupancy is 85%. a. What dollar amount should be entered in the Amount1 field? b. What will be the actual expense on the Cash Flow for Insurance? a. $80,000 b. $80,000 [($80,000*100% Fixed) + ($80,000*0% Variable*85% Occupied)] = $80,000 2 / 24 ARGUS Cert Exam Review Questions Study online at 10. 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 Amount1 Varies window? a. Copy Across & Down b. Copy to End c. Copy Column to End d. Column c 11. General Inflation: 3.00% in Market Inflation: 5.00% in 2021 & 2022, 3.00% in Expense Inflation Rate: 3.00% in CPI Inflation Rate: 0.00% in Market Rent is $15.00 / SF / Year in 2020. What is the Market Rent in 2023? a. $17.17 b. $17.03 c. $17.52 d. $17.81 b 12. General Inflation: 3.00% in Market Inflation: 5.00% in 2021 & 2022, 3.00% in Expense Inflation Rate: 3.00% in CPI Inflation Rate: 0.00% in What is the CPI Inflation Rate in 2022? a. 3.00% b. 5.00% c. 3.03% d. 0.00% d 13. When calculating a Market Leasing profile with the Upon Expiration set to Renewal, Enterprise d 3 / 24 ARGUS Cert Exam Review Questions Study online at _____________. a. Assumes a 0% renewal. b. Takes a weighted average. c. Assumes the space goes dark. d. Assumes a 100% renewal. 14. The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms. a. True b. False b 15. When you have a one-time increase, or an increase that happens at different increments or times, utilize the Fixed Steps Unit column. a. True b. False b 16. When entering an Available Date prior to the Start Date within the Rent Roll, ARGUS Enterprise will assume: a. The space is not available until the Start Date. b. The space is available, but vacant until the Start Date. c. The space is occupied until the Start Date. d. None of the above. b 17. The Analysis Start Date is January 2020. A tenant's lease start date is March 2020. If we want to show the Lost Absorption / Turnover Rent for this tenant, what would be entered in the following fields? Available Date Field: _____________ Start Date Field: ____________ Available Date Field: January 2020 Start Date Field: March 2020 18. b 4 / 24 ARGUS Cert Exam Review Questions Study online at The Lost Absorption / Turnover Rent being reported for the months prior to a lease start will appear on the individual Tenant Cash Flow / LPV report. a. True b. False 19. Sales % Basis: Percent Sales %: 4.0% Sales Amount Unit: Annual $ Sales Amount: 950,000 Inflation %: General Inflation Rate Breakpoint: Natural Tenant's Size: 2,450 SF Tenant's Rent: $13.00 / SF / Year Calculate the Percentage Rent. $6,150 [($950,000) - ((2,450 SF * $13.50/SF/Year)/4.0%* 4.0% = $6,150 20. The General Vacancy calculation frequency can be monthly or annually. a. True b. False a 21. General Vacancy: % of Potential Gross Revenue, 5.0% Check: Gross-Up Revenue by Absorption & Turnover Check: Reduce General Vacancy Result by Absorption & Turnover Potential Gross Revenue: $9,600,000 Absorption & Turnover Vacancy: $230,000 What is the General Vacancy for this building? a. $261,850 b. $230,000 c. $261,500 d. $262,200 c [(PGR)+(Absorption & Turnover)] * (Vacancy Rate) - Absorption & Turnover = [($9,600,000) + ($230,000)] * (5.0%) - ($230,000) = $261,500 5 / 24 ARGUS Cert Exam Review Questions Study online at 22. Calculate the Utilities Expense, using the following assumptions: Property Size = 35,000 SF Utilities Expense = $0.15 / SF / Year, 35.0% Fixed Occupancy = 80.0% $4,567.50 23. Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0%. What value should be entered in the Amount1 field in the Operating tab? $30,000 24. Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0%. What is the operating expense amount that will appear on the Cash Flow report? $26,400 Utilities Not Grossed Up: [(Expense * Fixed %) + (Expense * Variable % * Occupancy OR Gross Up)] 25. Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The occupancy of the property is 70.0% and reimbursable expenses are grossed up to 100.0%. What is the operating expense amount that will appear on the Cash Flow report? $26,400 Utilities Grossed Up: [(Expense * Fixed %) + (Expense * Variable % * Occupancy OR Gross Up)] 26. Free Rent, Tenant Improvement and Leasing Commission categories can be created in the Market parent tab and applied in the Rent Roll or the Market Leasing levels. a. True b. False A 6 / 24 ARGUS Cert Exam Review Questions Study online at 27. When including Free Rent in the Leasing Commission calculation, is it ADDED or SUBTRACTED within the formula? Subtracted 28. By default, when are Leasing Commissions paid within ARGUS Enterprise? The first month of the first lease year. 29. What is the default Free Rent formula? Base Rent + Fixed Steps + CPI 30. By default, when is Free Rent given within ARGUS Enterprise? The first month(s) of the lease 31. 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). Cap Rate 32. A user can change the Hold Length for the Property Resale by selecting either Hold Years or a Fixed Date. a. True b. False A 33. Calculate the resale value of the building using the following assumptions: (Round to the nearest dollar) Resale Method = Capitalize NOI Cap Rate = 6.5% NOI = $784,567 Selling Costs = 3.0% Adjusted Gross a. $11,708,154 b. $11,167,345 c. $11,178,322 d. $11,173,489 A [(NOI/Cap Rate) - ((NOI/Cap Rate) * Sellin Cost %)] 34. Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the _______ tab? Assumptions 7 / 24 ARGUS Cert Exam Review Questions Study online at 35. Within the Investment tab, the ______ tab is used to calculate debt notes outside of the AE system. Other Debt 36. ARGUS Enterprise can have a different term length for Amortization and the Loan. a. True b. False A 37. Enter Other Debt information into the Valuation tab. a. True b. False B 38. Each time a filter is activated, the formula at the bottom of the screen is updated. To remove the filter, click the X to the left of the filter formula. a. True b. False A 39. ______________ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the ARGUS Data Warehouse. a. Property Reporting b. Analysis Reporting c. Sensitivity Reporting d. Portfolio Level Reporting D 40. Sensitivity Analysis allows you to create scenarios and make edits to an individual property or all the properties within your portfolio simultaneously. a. True b. False A 41. A 8 / 24 ARGUS Cert Exam Review Questions Study online at If Actuals and Budget data is entered manually, further updates can be made on the data. If Actuals and Budget data is imported in from a 3rd party system, or by using XL4ADW, manual updates cannot be made. a. True b. False 42. Actuals and Budget information can be viewed on a: a. Monthly Basis b. Quarterly basis c. Semi-Annually basis d. Annually basis e. All of the above E 43. ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation- Capitalisation. a. True b. False a 44. In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program? a. True b. False a 45. In AE, a user can add over 100 properties into a portfolio. a. True b. False a 46. Which is a benefit to utilizing a chart of accounts? a. Easier to track revenues/expenses b. standardizes portfolio for names of all Expenses/ d 9 / 24 ARGUS Cert Exam Review Questions Study online at Revenues c. Helps with accounting system integration d. All of the above 47. In ARGUS Enterprise, you can only assign on Chart of Accounts to a Portfolio a. True b. False a 48. The Discard Changes option will discard only the last change you have made to the property record. a. True b. False b 49. Only users with appropriate permissions can access all the features in the Control Panel. a. True b. False a 50. To lock down a specific property and restrict who can edit it, click the _____ button located in the ARGUS Enterprise Ribbon bar. a. Modeling Policies b. Calculate As c. Check Out Property d. Details c 51. You can import and/or export v15 DCF files from ARGUS Enterprise. a. True b. False a 52. The Expense Inflation Rate will be the default percentage for: d 10 / 24 ARGUS Cert Exam Review Questions Study online at a. Operating Expenses b. Non-Operating Expenses c. Capital Expenses d. All of the above 53. Every inflation category must be given a number, or it will default to the General Inflation Rate. a. True b. False b 54. Inflation: 3.5% Building Size: 60,000 SF Misc Revenue: Vending Machine. Amount 1: 13,000 Annually. 0% Fixed. Assuming 60.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. a. $0 b. $6,500 c. $7,800 d. $13,000 c 55. Inflation: 3.5% Building Size: 60,000 SF Misc Revenue: Vending Machine. Amount 1: 13,000 Annually. 0% Fixed. Assuming 0.0% occupancy, calculate the Vending Machine revenue in Year 1 of the Analysis. a. $0 b. $6,500 c. $7,800 d. $13,000 a 56. Inflation: 3.5% Building Size: 60,000 SF Misc Revenue: Vending Machine. Amount 1: 13,000 d 11 / 24 ARGUS Cert Exam Review Questions Study online at Annually. 0% Fixed. Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. a. $0 b. $6,500 c. $7,800 d. $13,000 57. Free Rent, by default, kicks in at the beginning of the ______. a