ARGUS ENTERPRISE CERTIFICATION
REVIEW ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ 1.1 Once a Property Asset Type is selected it cannot be changed. a. True b.
False.
Answer: B
◍ 2.4 Common Area Maintenance (CAM) is $100,000 and is 50% fixed.
Occupancy is 75%. a. What dollar amount should be entered in the Amount
1 field? b. What will be the actual expense on the Cash Flow for CAM?.
Answer: a. $100,000 b. Cash Flow: [($100,000 x 50% Fixed) + ($100,000 x
50% Variable x 75% Occupied)] [$50,000 + $37,500] $87,500
◍ Which of the following are available methods for calculating General
Vacancy?Check all that apply..
Answer: % of Potential Gross Revenue% of Total Rental Revenue% of
Total Tenant Revenue
◍ 15. What is the capital expense amount that will appear on the cash flow
(you see amt as $60,000 in March Year 3 and inflation as 3% for years one
and two and 0% for Year 3)?*For full photo, etc. see book a. $60,000b.
$61,800c. $65,564d. 63,654.
Answer: D
◍ Which of the following are included in the default Leasing Commission
calculation?Check all that apply..
Answer: Free RentFixed Steps
◍ Assume a NOI of $946,250, cap rate of 10.5%, and a 3% selling costs.
Capitalize the NOI to determine the Net Sales Price..
Answer: 8,741,548
,◍ Which of the following are a Classification type in AE?Check all that
apply..
Answer: PropertyTenantSystem
◍ 30. T or F: Step Rent increases can be applied in the step rent field or in the
base rent varies window..
Answer: A
◍ A property with an analysis start date of January 2014 has Market Rent for
both new and renewal tenants at $20.50/SF/Year. If a tenant rolls to market
and a new lease begins in September 2018, what rent would ARGUS
Enterprise use for the speculative tenant? Assume Market Rent Inflation is
4% beginning in the second year of the analysis..
Answer: $23.98
◍ 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 starting in the second year.
◍ Percentage rent is applicable to what?.
Answer: retail sales
◍ In the Portfolio section of the File tab, existing properties within the
portfolios are displayed in the ___________ pane..
Answer: Properties
◍ To change the Report Print Interval setting, click the __________ button..
Answer: Report Options
◍ Any expense we want to be reimbursed has to be where?.
Answer: in the operating tab
◍ 2.4b) Common Area Maintenance (CAM) is $100,000 and is 50% fixed.
Occupancy is at 75%. What will be the actual expense on the Cash Flow for
Insurance?.
Answer: [(100,00050% Fixed)+($100,00050% Variable*75%
Occupied)]$87,5000
,◍ 3. Common Area Maintenance (CAM) is $100,000 and is 50.0% fixed.
Occupancy is 75.0%. What dollar amount should be entered in the Amount1
field? (no commas).
Answer: 100000
◍ Which of the following are included in the default Free Rent
calculation?Check all that apply..
Answer: Base RentFixed StepsCPI Rent Increases
◍ 8.5) By default, when is Free Rent given within ARGUS Enterprise?.
Answer: The first month(s) of the lease
◍ Intelligent Renewals are used to specify that tenant leases be renewed using
__________________.Check all that apply..
Answer: Last Month's Rent RateContract RateWeighted Market Renewal
RateMarket Rent in a different Market Leasing profile
◍ 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
◍ The Present Value tab allows us to enter in a separate discount rate for the
Leveraged and Unleveraged Cash Flow as well as the Leveraged and
Unleveraged Resale Rate..
Answer: True
◍ Users can define a varying building area over time by clicking the Building
Area ellipsis.This is a single choice question. Selections are automatically
selected as you use arrow to move..
Answer: True
◍ 1.1) Once a Property Asset Type is selected it cannot be changed: True or
False.
Answer: False
◍ To take a property out of read-only mode, the ______ button must be
, selected from the Ribbon..
Answer: Edit Property
◍ 9.2 ________________ allows us to track who has been in the asset and
what changes have been made to that asset. a. XL4ADW b. Sensitivity
Reporting c. Audit Log d. Analysis Tab.
Answer: C
◍ 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?.
Answer: % of other
◍ 5.2 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..
Answer: B
◍ 4.3) Calculate the resale value of the building using the following
assumptions (Round to the nearest dollar): Resale Method = Capitalize NOI
NOI = $784,567Cap Rate = 6.5% Selling Cost = 3% Adjusted Growth.
Answer: [(NOI/Cap Rate) - ((NOI/Cap Rate)*Selling Cost%)]$11,708,154
◍ Use the following assumptions to calculate the General Vacancy for the
property in Year 1 of the analysis if we are overriding Tenant 1 and a
Percent of Potential Gross Revenue is the method being applied. There is no
Absorption & Turnover in Year 1.General Vacancy Rate: 5%Total Potential
Gross Revenue: $87,632Tenant 1 Rental: $42,330Tenant 1 Override %: 0%.
Answer: $2,265
◍ Which of the following is considered a primary use for XL4ADW?Check all
that Apply..
Answer: Custom queries of results dataImport of new models and
dataModify modeling data in AE (Round Trip)Review modeling data in AE
◍ 3.3) When calculating a Market Leasing profile with the Upon Expiration
REVIEW ACTUAL EXAM PAPER 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ 1.1 Once a Property Asset Type is selected it cannot be changed. a. True b.
False.
Answer: B
◍ 2.4 Common Area Maintenance (CAM) is $100,000 and is 50% fixed.
Occupancy is 75%. a. What dollar amount should be entered in the Amount
1 field? b. What will be the actual expense on the Cash Flow for CAM?.
Answer: a. $100,000 b. Cash Flow: [($100,000 x 50% Fixed) + ($100,000 x
50% Variable x 75% Occupied)] [$50,000 + $37,500] $87,500
◍ Which of the following are available methods for calculating General
Vacancy?Check all that apply..
Answer: % of Potential Gross Revenue% of Total Rental Revenue% of
Total Tenant Revenue
◍ 15. What is the capital expense amount that will appear on the cash flow
(you see amt as $60,000 in March Year 3 and inflation as 3% for years one
and two and 0% for Year 3)?*For full photo, etc. see book a. $60,000b.
$61,800c. $65,564d. 63,654.
Answer: D
◍ Which of the following are included in the default Leasing Commission
calculation?Check all that apply..
Answer: Free RentFixed Steps
◍ Assume a NOI of $946,250, cap rate of 10.5%, and a 3% selling costs.
Capitalize the NOI to determine the Net Sales Price..
Answer: 8,741,548
,◍ Which of the following are a Classification type in AE?Check all that
apply..
Answer: PropertyTenantSystem
◍ 30. T or F: Step Rent increases can be applied in the step rent field or in the
base rent varies window..
Answer: A
◍ A property with an analysis start date of January 2014 has Market Rent for
both new and renewal tenants at $20.50/SF/Year. If a tenant rolls to market
and a new lease begins in September 2018, what rent would ARGUS
Enterprise use for the speculative tenant? Assume Market Rent Inflation is
4% beginning in the second year of the analysis..
Answer: $23.98
◍ 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 starting in the second year.
◍ Percentage rent is applicable to what?.
Answer: retail sales
◍ In the Portfolio section of the File tab, existing properties within the
portfolios are displayed in the ___________ pane..
Answer: Properties
◍ To change the Report Print Interval setting, click the __________ button..
Answer: Report Options
◍ Any expense we want to be reimbursed has to be where?.
Answer: in the operating tab
◍ 2.4b) Common Area Maintenance (CAM) is $100,000 and is 50% fixed.
Occupancy is at 75%. What will be the actual expense on the Cash Flow for
Insurance?.
Answer: [(100,00050% Fixed)+($100,00050% Variable*75%
Occupied)]$87,5000
,◍ 3. Common Area Maintenance (CAM) is $100,000 and is 50.0% fixed.
Occupancy is 75.0%. What dollar amount should be entered in the Amount1
field? (no commas).
Answer: 100000
◍ Which of the following are included in the default Free Rent
calculation?Check all that apply..
Answer: Base RentFixed StepsCPI Rent Increases
◍ 8.5) By default, when is Free Rent given within ARGUS Enterprise?.
Answer: The first month(s) of the lease
◍ Intelligent Renewals are used to specify that tenant leases be renewed using
__________________.Check all that apply..
Answer: Last Month's Rent RateContract RateWeighted Market Renewal
RateMarket Rent in a different Market Leasing profile
◍ 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
◍ The Present Value tab allows us to enter in a separate discount rate for the
Leveraged and Unleveraged Cash Flow as well as the Leveraged and
Unleveraged Resale Rate..
Answer: True
◍ Users can define a varying building area over time by clicking the Building
Area ellipsis.This is a single choice question. Selections are automatically
selected as you use arrow to move..
Answer: True
◍ 1.1) Once a Property Asset Type is selected it cannot be changed: True or
False.
Answer: False
◍ To take a property out of read-only mode, the ______ button must be
, selected from the Ribbon..
Answer: Edit Property
◍ 9.2 ________________ allows us to track who has been in the asset and
what changes have been made to that asset. a. XL4ADW b. Sensitivity
Reporting c. Audit Log d. Analysis Tab.
Answer: C
◍ 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?.
Answer: % of other
◍ 5.2 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..
Answer: B
◍ 4.3) Calculate the resale value of the building using the following
assumptions (Round to the nearest dollar): Resale Method = Capitalize NOI
NOI = $784,567Cap Rate = 6.5% Selling Cost = 3% Adjusted Growth.
Answer: [(NOI/Cap Rate) - ((NOI/Cap Rate)*Selling Cost%)]$11,708,154
◍ Use the following assumptions to calculate the General Vacancy for the
property in Year 1 of the analysis if we are overriding Tenant 1 and a
Percent of Potential Gross Revenue is the method being applied. There is no
Absorption & Turnover in Year 1.General Vacancy Rate: 5%Total Potential
Gross Revenue: $87,632Tenant 1 Rental: $42,330Tenant 1 Override %: 0%.
Answer: $2,265
◍ Which of the following is considered a primary use for XL4ADW?Check all
that Apply..
Answer: Custom queries of results dataImport of new models and
dataModify modeling data in AE (Round Trip)Review modeling data in AE
◍ 3.3) When calculating a Market Leasing profile with the Upon Expiration
