ARGUS CERTIFICATION COMPLETE
QUESTIONS AND SOLUTIONS TESTED
ANSWERS
◉ What will LB Corporation pay for reimbursements in 2018?
Answer: The amount of 2018 total operating expenses over 2016
total operating expenses
◉ If a tenant's space is available, but sitting vacant before they
move in and you want to show that vacancy on reports, what do
you need to enter in for the Lease dates?
Answer: The Available Date needs to be when the space is actually
available and the Start Date needs to be when the tenant's lease
begins.
◉ True or False: Step Rent increases can be applied in the Step
Rent field or in the Base Rent varies window.
Answer: True
◉ Assuming a sale date of December 2020, what will be the net
proceeds from sale if we have a resale calculation that capitalizes
the NOI 12 months after sale?
Answer: (2021 NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
,◉ Assuming a sale date of December 2020, what will be the net
proceeds from sale if we have a resale calculation that capitalises
the NOI of the sale year?
Answer: (202 NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
◉ When using an Available date that is before the Start date, the
loss in potential rent (Base Rental Revenue) can be shown on
which report?
Answer: Lease Audit
◉ ______________________ is used in retail properties where tenants
are expected to pay a percentage of their sales to the property
owner.
Answer: Percentage Rent
◉ What is the default calculation formula for Chargeable Sales?
Answer: Sales Volume - Breakpoint
◉ Calculate the General Vacancy Loss using the following
assumptions:
-PGR: $800,000
-ATV: $20,000
-Calculation: 5% of PGR
Answer: [(800,000 + 20,0000)*0.05] - $20,000 = $21,000
, ◉ True or False: Additional principal payments can be factored
into the loan computations?
Answer: True
◉ While running a 7-year analysis on a property with a 30-year
debt note in ARGUS Enterprise, the note will _____________ at the
end of the projection.
Answer: Balloon
◉ After changing the modeling policy for Gross Ups, any Recovery
Structure already created will default to the Gross Up percent in
the Modeling Policies window.
Answer: False
◉ The default formula for Leasing Commissions is:
Answer: Base Rent + Step Rent + CPI - Free Rent
◉ To indicate that an expense should not be included in the cash
flow projection nor used in the calculation of the NOI, select
________________
Answer: Reference Only
◉ True or False: The percentage of the expense that is eligible to
be recovered can be altered for the entire property within the
Expense tab
Answer: True
QUESTIONS AND SOLUTIONS TESTED
ANSWERS
◉ What will LB Corporation pay for reimbursements in 2018?
Answer: The amount of 2018 total operating expenses over 2016
total operating expenses
◉ If a tenant's space is available, but sitting vacant before they
move in and you want to show that vacancy on reports, what do
you need to enter in for the Lease dates?
Answer: The Available Date needs to be when the space is actually
available and the Start Date needs to be when the tenant's lease
begins.
◉ True or False: Step Rent increases can be applied in the Step
Rent field or in the Base Rent varies window.
Answer: True
◉ Assuming a sale date of December 2020, what will be the net
proceeds from sale if we have a resale calculation that capitalizes
the NOI 12 months after sale?
Answer: (2021 NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
,◉ Assuming a sale date of December 2020, what will be the net
proceeds from sale if we have a resale calculation that capitalises
the NOI of the sale year?
Answer: (202 NOI / 10% Cap Rate)*(1.0 - 3% adjustment)
◉ When using an Available date that is before the Start date, the
loss in potential rent (Base Rental Revenue) can be shown on
which report?
Answer: Lease Audit
◉ ______________________ is used in retail properties where tenants
are expected to pay a percentage of their sales to the property
owner.
Answer: Percentage Rent
◉ What is the default calculation formula for Chargeable Sales?
Answer: Sales Volume - Breakpoint
◉ Calculate the General Vacancy Loss using the following
assumptions:
-PGR: $800,000
-ATV: $20,000
-Calculation: 5% of PGR
Answer: [(800,000 + 20,0000)*0.05] - $20,000 = $21,000
, ◉ True or False: Additional principal payments can be factored
into the loan computations?
Answer: True
◉ While running a 7-year analysis on a property with a 30-year
debt note in ARGUS Enterprise, the note will _____________ at the
end of the projection.
Answer: Balloon
◉ After changing the modeling policy for Gross Ups, any Recovery
Structure already created will default to the Gross Up percent in
the Modeling Policies window.
Answer: False
◉ The default formula for Leasing Commissions is:
Answer: Base Rent + Step Rent + CPI - Free Rent
◉ To indicate that an expense should not be included in the cash
flow projection nor used in the calculation of the NOI, select
________________
Answer: Reference Only
◉ True or False: The percentage of the expense that is eligible to
be recovered can be altered for the entire property within the
Expense tab
Answer: True
