Argus Exam With Complete Solutions
Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling Costs. Capitalize the NOI to determine
the Net Sales Price:
Step 1: NOI/Cap Rate = Sales Price
Step 2: Sales Price x Selling Costs % = Selling Cost
Step 3: Sales Price - Selling Costs = Net Sales Price
Which recovery structure would you select to enter in a tenant that pays their net pro rata share of all
expenses over a specified base stop:
Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis...
TRUE
What are the Classification types:
Property, Tenant, System
Users can create _______ values for property and tenant classifications
More than 100
Total Revenue Calculation =
Scheduled Base Rent + CPI Increases
Default Free Rent =
Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of property
documents
Attachments Tab
Natural Breakpoint for % Rent =
Base Rent / Sales %
When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS Enterprise:
Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" :
At the beginning of each lease year start in the 2nd year
A portfolio may have _______ Chart of Accounts applied at a time:
One
Percentage Rent:
, Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural
Step 1: Natural Breakpoint = Base Rent / %
Step 2: Chargeable Sales = Volume - Breakpoint
Step 3: Retail Sales Revenue = Chargeable Sales x %
Any type of item can be added on as a Miscellaneous Rent if they are directly related to the tenant:
TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method:
Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow:
TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll over
term:
True
Levels offered with the Charts of Accounts:
1. Parent/Header
2. Cash Flow/GL Account
3. Detail/Job Costs
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
Entering a property address will allow a user to access a map of the location in ARGUS Enterprise:
FALSE
The purpose of a Market Leasing Profile:
1. Apply leasing assumptions to a tenant area when the current lease for that space expires
2. Speculative leasing or Space Absorption of vacant space
When entering an Available Date prior to the Start Date on the Rent Roll tab, AE assumes:
Space available, but vacant until the start date
Reports can be accessed by clicking Property Reports:
1. Executive Summary
2. Budget Comparison
3. Cash Flow
Assume the NOI of $946,250; Cap Rate of 10.5% and 3% Selling Costs. Capitalize the NOI to determine
the Net Sales Price:
Step 1: NOI/Cap Rate = Sales Price
Step 2: Sales Price x Selling Costs % = Selling Cost
Step 3: Sales Price - Selling Costs = Net Sales Price
Which recovery structure would you select to enter in a tenant that pays their net pro rata share of all
expenses over a specified base stop:
Stop Amount/Area
Users Can define a varying building area over time by clicking the building area ellipsis...
TRUE
What are the Classification types:
Property, Tenant, System
Users can create _______ values for property and tenant classifications
More than 100
Total Revenue Calculation =
Scheduled Base Rent + CPI Increases
Default Free Rent =
Base Rent + Fixed Steps + CPI Increases
The ________ allows users to upload numerous files and URLs to centralize the location of property
documents
Attachments Tab
Natural Breakpoint for % Rent =
Base Rent / Sales %
When calculating a Market Leasing Profile with the upon expiration set to vacate, ARGUS Enterprise:
Assumes a 0% renewal probability
When will the CPI Increase be applied to a tenant when the selected method is "Each Lease
Anniversary" :
At the beginning of each lease year start in the 2nd year
A portfolio may have _______ Chart of Accounts applied at a time:
One
Percentage Rent:
, Tenant Size = 1250sf
Base Rent = $20/sf/year
Sales % = 3%
Breakpoint = Natural
Step 1: Natural Breakpoint = Base Rent / %
Step 2: Chargeable Sales = Volume - Breakpoint
Step 3: Retail Sales Revenue = Chargeable Sales x %
Any type of item can be added on as a Miscellaneous Rent if they are directly related to the tenant:
TRUE
For a Tenant to pay a specific Amount for an Expense, select the _______ Recovery Method:
Fixed Amount
Non-Operating Expenses will fall below the NOI Line on the Cash Flow:
TRUE
When leases roll to the Market Leasing Profile, by default the rents do not inflate during the roll over
term:
True
Levels offered with the Charts of Accounts:
1. Parent/Header
2. Cash Flow/GL Account
3. Detail/Job Costs
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
Entering a property address will allow a user to access a map of the location in ARGUS Enterprise:
FALSE
The purpose of a Market Leasing Profile:
1. Apply leasing assumptions to a tenant area when the current lease for that space expires
2. Speculative leasing or Space Absorption of vacant space
When entering an Available Date prior to the Start Date on the Rent Roll tab, AE assumes:
Space available, but vacant until the start date
Reports can be accessed by clicking Property Reports:
1. Executive Summary
2. Budget Comparison
3. Cash Flow
