ARGUS CERTIFICATION EXAM WRITTEN EXAM AND
PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
What is the calculation for the Natural Breakpoint for Percentage Rent? - ANSWER:
Base Rent / Sales Percentage
Which of the following is a purpose for a Market Leasing profile? - ANSWER: To apply
leasing assumptions to a tenant area when the current lease for that space expires
Speculative leasing or Space Absorption, of vacant space
Use the following assumptions to calculate the Percentage Rent:
Tenant Size: 1,250 SF
Base Rent: $20/SF/Year
Annual Sales Amount: $2,000,000
Sales Percentage: 3%
Breakpoint: Natural - ANSWER: $35,000
A Portfolio may have _______ Chart of Accounts applied at a time - ANSWER: One
Percentage Rent fields are only available when _________ is selected as the property
type. - ANSWER: Retail or Mixed Use that includes Retail
Which of the following are levels offered with the Chart of Accounts?Check all that
apply. - ANSWER: Parent/Header
Cashflow/GL Account
Detail/Job Costs
Which of the following reports can be accessed by clicking Property Reports? Check
all that apply. - ANSWER: Executive Summary
Budget Comparison
Cash Flow
Enter the Property Resale information in the _______________ tab. - ANSWER:
Valuation
To change the Report Print Interval setting, click the __________ button. - ANSWER:
Report Options
The _______________ allows users to upload numerous files and URLs to centralize
the location of property documents. - ANSWER: Attachments Tab
Which of the following are included in the default Leasing Commission calculation?
Check all that apply. - ANSWER: Free Rent
, Fixed Steps
Which of the following are included in the default Free Rent calculation? Check all
that apply. - ANSWER: Base Rent
Fixed Steps
CPI Rent Increases
Intelligent Renewals are used to specify that tenant leases be renewed using
__________________. Check all that apply. - ANSWER: Last Month's Rent Rate
Contract Rate
Weighted Market Renewal Rate
Market Rent in a different Market Leasing profile
When leases roll to the Market Leasing profile, by default the rents do not inflate
during the rollover term. - ANSWER: True
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: $87,632
Tenant 1 Rental: $42,330
Tenant 1 Override %: 0% - ANSWER: $2,265
________________ is a solution for consolidating and reporting property, tenant,
portfolio, and scenario information contained within the ARGUS Data Warehouse. -
ANSWER: Portfolio Level Reporting
Entering in a property address will allow a user to access a map of the location in AE.
- ANSWER: False
Enter any debt calculated outside of ARGUS Enterprise on the ________ tab under
the Investment tab. - ANSWER: Other Debt
When calculating a Market Leasing profile with the Upon Expiration set to Vacate,
ARGUS Enterprise ___________________. - ANSWER: Assumes a 0% renewal
probability.
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
Non-Operating Expenses will fall below the Net Operating Income line on the Cash
Flow. - ANSWER: True
PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 350
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
What is the calculation for the Natural Breakpoint for Percentage Rent? - ANSWER:
Base Rent / Sales Percentage
Which of the following is a purpose for a Market Leasing profile? - ANSWER: To apply
leasing assumptions to a tenant area when the current lease for that space expires
Speculative leasing or Space Absorption, of vacant space
Use the following assumptions to calculate the Percentage Rent:
Tenant Size: 1,250 SF
Base Rent: $20/SF/Year
Annual Sales Amount: $2,000,000
Sales Percentage: 3%
Breakpoint: Natural - ANSWER: $35,000
A Portfolio may have _______ Chart of Accounts applied at a time - ANSWER: One
Percentage Rent fields are only available when _________ is selected as the property
type. - ANSWER: Retail or Mixed Use that includes Retail
Which of the following are levels offered with the Chart of Accounts?Check all that
apply. - ANSWER: Parent/Header
Cashflow/GL Account
Detail/Job Costs
Which of the following reports can be accessed by clicking Property Reports? Check
all that apply. - ANSWER: Executive Summary
Budget Comparison
Cash Flow
Enter the Property Resale information in the _______________ tab. - ANSWER:
Valuation
To change the Report Print Interval setting, click the __________ button. - ANSWER:
Report Options
The _______________ allows users to upload numerous files and URLs to centralize
the location of property documents. - ANSWER: Attachments Tab
Which of the following are included in the default Leasing Commission calculation?
Check all that apply. - ANSWER: Free Rent
, Fixed Steps
Which of the following are included in the default Free Rent calculation? Check all
that apply. - ANSWER: Base Rent
Fixed Steps
CPI Rent Increases
Intelligent Renewals are used to specify that tenant leases be renewed using
__________________. Check all that apply. - ANSWER: Last Month's Rent Rate
Contract Rate
Weighted Market Renewal Rate
Market Rent in a different Market Leasing profile
When leases roll to the Market Leasing profile, by default the rents do not inflate
during the rollover term. - ANSWER: True
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: $87,632
Tenant 1 Rental: $42,330
Tenant 1 Override %: 0% - ANSWER: $2,265
________________ is a solution for consolidating and reporting property, tenant,
portfolio, and scenario information contained within the ARGUS Data Warehouse. -
ANSWER: Portfolio Level Reporting
Entering in a property address will allow a user to access a map of the location in AE.
- ANSWER: False
Enter any debt calculated outside of ARGUS Enterprise on the ________ tab under
the Investment tab. - ANSWER: Other Debt
When calculating a Market Leasing profile with the Upon Expiration set to Vacate,
ARGUS Enterprise ___________________. - ANSWER: Assumes a 0% renewal
probability.
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
Non-Operating Expenses will fall below the Net Operating Income line on the Cash
Flow. - ANSWER: True
