ARGUS TEST PAPER QUESTIONS AND SOLUTIONS VERIFIED PRACTICE REVIEW MATERIAL

ARGUS TEST PAPER QUESTIONS AND
SOLUTIONS VERIFIED PRACTICE REVIEW
MATERIAL

●● True or false: actuals and budget information can be viewed on a
monthly, quarterly, semi-annually and annually basis.
Answer: true


●● True or false: the red circle with an "X" icon provides the following
warning message: "This data will not be used because detail level data
has also been provided"
Answer: true


●● True or false: the "External ID" is a critical identifier when linking
the property to other information sources. If XL4AD will be used for
property budget purposes, an external ID will be required.
Answer: true


●● True or false: in the "report options" window, a user can turn on
"display multiple sales" to see a range of resale cap rates compared to
the range of present value rates.
Answer: true

,●● True or false: in the "increment discount rate" section a user can add
/ subtract each increment to adjust the current discount rate input. Next
to each numeric text box, a user may enter a minimum value of -100%
and a maximum value of 100%.
Answer: true


●● True or false: the "hold period" field allows a user to specify the hold
period by selecting either "length of analysis", "hold years" or "fixed
date". The last two options will activate their respective fields allowing a
user to enter in the number of years or a specific date.
Answer: true


●● True or false: the results section in the valuation - direct
capitalization window will display the calculated direct capitalization
results for the property. The results will include: net operating income,
occupancy gross up adjustment, NOI to capitalize, divided by direct cap
rate and direct cap value.
Answer: true


●● True or false: once applied, the COA cannot be changed to a different
COA.
Answer: true


●● True or false: the account permissions field will allow a user to grant
permissions for a single user/group of users to be the only ones who
have access to altering that specific account.

,Answer: true


●● True or false: portfolio level reporting can be exported via Microsoft
excel 2003, Microsoft excel 2007, TIFF image file, PDF, Microsoft word
2003 and Microsoft word 2007.
Answer: true


●● True or false: the property filter names are independent of scenarios
and can be used across the portfolio.
Answer: true


●● True or false: check the "export to single file" option to export all of
the property reports into a single excel workbook. With the option
unchecked, each property has its own workbook.
Answer: true


●● True or false: if connected to ARGUS Enterprise powered by
CLOUD via Citrix install, a user will close out of the window and
navigate to the directory to open the file(s).
Answer: true


●● True or false: in the "report options" window a user can turn on
"display multiple sales" to see a range of resale cap rates compared to
the range of present value rates.

, Answer: true


●● True or false: resale calculation = NOI (12 months after sale) / cap
rate = gross sale price --- gross sale price - adjustments = net sale price
Answer: true


●● True or false: the loan will balloon at the end of the analysis.
Answer: true


●● True or false: the "amortize start" field allows a user to enter in either
the number of months after the loan start date or a specific date in which
a loan will start amortizing. With "0" entered in the field the loan will
pay interest and principle from the start.
Answer: true


●● True or false: by clicking the "interest rate" ellipses to you open the
rate varies popup editor. This will allow a user to enter an interest rate
that varies over time.
Answer: true


●● True or false: in the "seniority" field type a number between 1 and 30
to assign a priority to a loan with covenants modeled. Seniority order is
used to specify the order the loans are paid off when modeling cash
sweeps. You can assign the same number to multiple loans. If you have