ARGUS CERTIFICATION 180
EXAM QUESTIONS AND
ANSWERS 2024
1. 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.: Step 1: NOI/Cap Rate =
Sales PriceStep 2: Sales Price x Selling Costs % = Selling CostStep 3: Sales Price -
Selling Costs = Net Sales Price
ANSWER = $8,741,548
2. Within ARGUS Enterprise, it is possible to copy items from Excel into AE.:
True
3. It is required to enter in a Property Name and Address for every property
added within a portfolio.: False
4. Any type of item can be added in as a Miscellaneous Rent if they are directly
related to the tenant.: True
5. For a tenant to pay a specific amount for an Expense, select the
______________ Recovery Method.: Fixed Amount
6. Which of the following are included in the default Leasing Commission
calculation?Check all that apply.: Free Rent, and Fixed Steps
,7. Using the information below, calculate the amount that is eligible for
recovery when using Gross Ups:
Utilities Expense: $16,500% Fixed: 35%% Occupied: 82%% Grossed Up: 90%:
$15,427.50
8. What is the extension of a property asset file in ARGUS Enterprise?: .avux
9. Which of the following is considered a primary use for XL4ADW?Check all
that Apply.: Custom queries of results data, import of new models and data,
modify modeling data in AE (Round Trip), Review modeling data in AE (Input
Assumptions) 10. Users can define a varying building area over time by
clicking the Building Area ellipsis.: True
11. Use the following assumptions to calculate the Percentage Rent: Tenant
Size: 1,250 SFBase Rent: $20/SF/YearAnnual Sales Amount:
$2,000,000Sales Percentage: 3%Breakpoint: Natural: $35,000
12. Using the information below, calculate the amount that will appear as the
Operating Expense on Year 1 of the Cash Flow:
Utilities Expense: $16,500% Fixed: 35%% Occupied: 82%% Grossed Up: 90%:
$14,569.50
13. Which of the following are levels offered with the Chart of Accounts?Check
all that apply.: Parent/Header, Cashflow/GL Account, Detail/Job Costs
14. ___________ allows us to track who has been in the asset and what changes
have been made to that asset.: Audit Log
15. Enter any debt calculated outside of ARGUS Enterprise on the ________ tab
under the Investment tab.: Other Debt
, 16. To change the Report Print Interval setting, click the __________ button.: -
Report Options
17. Enter the Property Resale information in the _______________ tab.: Valuation
18. How is Total Rental Revenue calculated?: Scheduled Base Rent + CPI
Increases
19. Non-Operating Expenses will fall below the Net Operating Income line on
the Cash Flow.: True
20. 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.: False
21. When leases roll to the Market Leasing profile, by default the rents do
not inflate during the rollover term.: True
22. Which of the following reports can be accessed by clicking Property
Reports?Check all that apply.: Executive Summary, Budget Comparison, Cash
Flow
23. The _______________ allows users to upload numerous files and URLs to
centralize the location of property documents.: Attachments Tab
24. When entering an Available Date prior to the Start Date on the Rent Roll
tab, AE assumes_______________________________.: The space is available,
but vacant until the Start Date
25. Entering in a property address will allow a user to access a map of the
location in AE.: False
26. 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
EXAM QUESTIONS AND
ANSWERS 2024
1. 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.: Step 1: NOI/Cap Rate =
Sales PriceStep 2: Sales Price x Selling Costs % = Selling CostStep 3: Sales Price -
Selling Costs = Net Sales Price
ANSWER = $8,741,548
2. Within ARGUS Enterprise, it is possible to copy items from Excel into AE.:
True
3. It is required to enter in a Property Name and Address for every property
added within a portfolio.: False
4. Any type of item can be added in as a Miscellaneous Rent if they are directly
related to the tenant.: True
5. For a tenant to pay a specific amount for an Expense, select the
______________ Recovery Method.: Fixed Amount
6. Which of the following are included in the default Leasing Commission
calculation?Check all that apply.: Free Rent, and Fixed Steps
,7. Using the information below, calculate the amount that is eligible for
recovery when using Gross Ups:
Utilities Expense: $16,500% Fixed: 35%% Occupied: 82%% Grossed Up: 90%:
$15,427.50
8. What is the extension of a property asset file in ARGUS Enterprise?: .avux
9. Which of the following is considered a primary use for XL4ADW?Check all
that Apply.: Custom queries of results data, import of new models and data,
modify modeling data in AE (Round Trip), Review modeling data in AE (Input
Assumptions) 10. Users can define a varying building area over time by
clicking the Building Area ellipsis.: True
11. Use the following assumptions to calculate the Percentage Rent: Tenant
Size: 1,250 SFBase Rent: $20/SF/YearAnnual Sales Amount:
$2,000,000Sales Percentage: 3%Breakpoint: Natural: $35,000
12. Using the information below, calculate the amount that will appear as the
Operating Expense on Year 1 of the Cash Flow:
Utilities Expense: $16,500% Fixed: 35%% Occupied: 82%% Grossed Up: 90%:
$14,569.50
13. Which of the following are levels offered with the Chart of Accounts?Check
all that apply.: Parent/Header, Cashflow/GL Account, Detail/Job Costs
14. ___________ allows us to track who has been in the asset and what changes
have been made to that asset.: Audit Log
15. Enter any debt calculated outside of ARGUS Enterprise on the ________ tab
under the Investment tab.: Other Debt
, 16. To change the Report Print Interval setting, click the __________ button.: -
Report Options
17. Enter the Property Resale information in the _______________ tab.: Valuation
18. How is Total Rental Revenue calculated?: Scheduled Base Rent + CPI
Increases
19. Non-Operating Expenses will fall below the Net Operating Income line on
the Cash Flow.: True
20. 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.: False
21. When leases roll to the Market Leasing profile, by default the rents do
not inflate during the rollover term.: True
22. Which of the following reports can be accessed by clicking Property
Reports?Check all that apply.: Executive Summary, Budget Comparison, Cash
Flow
23. The _______________ allows users to upload numerous files and URLs to
centralize the location of property documents.: Attachments Tab
24. When entering an Available Date prior to the Start Date on the Rent Roll
tab, AE assumes_______________________________.: The space is available,
but vacant until the Start Date
25. Entering in a property address will allow a user to access a map of the
location in AE.: False
26. 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
