ARGUS CERTIFICATION EXAM (LATEST ) GRADED
A+ ALL SECTIONS| VERIFIED EXAM
Once a Property Asset Type is selected it cannot be changed. T or F? - ANSWER: F
The Analysis Begin date defaults to the current Month and Year. T or F? - ANSWER: T
What is the extension of a property asset file in ARGUS Enterprise? - ANSWER: .avux
_______ saves the updates to the property asset model to the database. If a
calculation has been performed, it also saves the latest calculation results. -
ANSWER: Save Property
What should be selected as the 'How Input' method for the revenue or expense to
be based on a percentage of other cash flow items in the property? - ANSWER: % of
Other
Common Area Maintenance (CAM) is $100,00 and is 50.0% fixed. Occipancy is 75.0%.
a.
b. - ANSWER: a. $100,000
b.[($100,000x50%Fixed)+(100,000 x 50% Variable x 75% Occupied)][($50,000) +
(37,500)]
$87,500
Insurance is $80,000 and is 100% fixed. Occupancy is 85% - ANSWER: a. $80,000
b. $80,000x% Variable x 75% Occupied)][($80,000) + ($0)]
$80,000
To replicate a value in a specifici month of each year during the project for a specific
expense, you must click which button in the Amount1 Varies window? - ANSWER:
Copy Column to End
When you have a one time increase or an increase that happens at different
increments or times, utilize the Fixed Steps Unit column. T or F? - ANSWER: F
When entering an available date prior to the start date within the rent roll, ARGUS
enterprise will assume: - ANSWER: The spaec is available, but vacant until the start
date.
The analysis start date is January 2020. A tenant's lease start date is MArch 2020. If
we want to show the lost absorption/ turnover rent for this tenant, what would be
entered into the following fields?
Available date field:
Start Date field: - ANSWER: available: January 2020
start date: March 2020
,The lost absoprtion / turnover rent being reported for the months prior to a lease
start will appear on the individual tenant cash flow / LPV report. T or F? - ANSWER: F
Tenants size: 2450 SF
Tenants rent: 13.00 / SF / Year
Calculate the percentage rent. $ - ANSWER: $6150
The % of total rental revenue method is calculated by taking the scheduled base
rent+_______ - ANSWER: CPI increases
The general vacanc calculation frequency can be monthly or annually. T or F? -
ANSWER: T
What is the general vacancy for this building?
Potential gross revenue: 9,600,000
Absorption & turnover vacancy: 230,000 - ANSWER: $261,500
Free rent, tenant improvement and leasing commission categories can be created in
the market parent tab and applied in the rent roll or the market leasing levels.
T or F? - ANSWER: T
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0% What is the operating expense amount that will
appear on the Cash Flow report? - ANSWER: $26,400
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0% and reimbursable expenses are grossed up to
100.0%. What is the operating expense amount that will appear on the Cash Flow
Report? - ANSWER: $26,400
What will Tenant A pay in reimbursement in 2017 if they have a 2016 Base Year Stop
and all Operating Expenses are included except the Real Estate Taxes?
Tenant A Size- 20,000 SF
Property Size- 25,000SF - ANSWER: $47,204.80
What will Tenant A pay in reimbursements in 2018 if the reimbursement method is
Net and all Operating Expenses are included in the recovery? - ANSWER:
$386,168.00
By default, when are leasing commissions paid within ARGUS Enterprise? - ANSWER:
The first month of the first lease year
What is the default Free Rent formula? - ANSWER: Base Rent + Fixed Steps + CPI
, _________ is a solution for consolidating and reporting property, tenant, portfolio,
and scenario information contained within the ARGUS Data Warehouse. - ANSWER:
Portfolio Level Reporting
Sensitivity Analysis allows you to create scenarios and make edits to an individual
property or all the properties within your portfolio simultaneously. T or F? -
ANSWER: T
Each time a filter is activated, the formula at the bottom of the screen is updated. To
remove the filter, click the X to the left of the filter formula. T or F? - ANSWER: T
By default, when is free rent given within ARGUS Enterprise? - ANSWER: The first
month(s) of the lease
When including Free Rent in the leasing commission calculation, is it ADDED or
SUBTRACTED within the formula? - ANSWER: Subtracted
The Upon Expiration field within the market leasing profile allows us to select any
overrides for past terms. T or F? - ANSWER: F
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0%. What value should be entered in the Amount1
field in the operating tab. - ANSWER: $30,000
Parameters for the Discount Rate change Interval on the IRR Matrix report can be
changed in the ______________________ tab? - ANSWER: Assumptions
Calculate the Utilities expense, using the following
assumptions____________________.
Property Size = 35,000 SF
Utilities expense= $0.15/SF/Year, 35.0% Fixed
Occupancy= 80% - ANSWER: $4,567.50
AE can have different term length for amortization and the loan. T or F? - ANSWER: T
Enter other debt information into the valuation tab. T or F? - ANSWER: F
Within the Investment tab, the _________________________ tab is used to
calculate debt notes outside the AE system. - ANSWER: Other Debt
A user can change the Hold Length for the Property Resale by selecting either Hold
Years or a Fixed date. T or F? - ANSWER: T
Calculate the resale value of the building using the following assumptions.(Round to
Nearest dollar).
Resale Method = Capitalize NOI
NOI= $784,567
A+ ALL SECTIONS| VERIFIED EXAM
Once a Property Asset Type is selected it cannot be changed. T or F? - ANSWER: F
The Analysis Begin date defaults to the current Month and Year. T or F? - ANSWER: T
What is the extension of a property asset file in ARGUS Enterprise? - ANSWER: .avux
_______ saves the updates to the property asset model to the database. If a
calculation has been performed, it also saves the latest calculation results. -
ANSWER: Save Property
What should be selected as the 'How Input' method for the revenue or expense to
be based on a percentage of other cash flow items in the property? - ANSWER: % of
Other
Common Area Maintenance (CAM) is $100,00 and is 50.0% fixed. Occipancy is 75.0%.
a.
b. - ANSWER: a. $100,000
b.[($100,000x50%Fixed)+(100,000 x 50% Variable x 75% Occupied)][($50,000) +
(37,500)]
$87,500
Insurance is $80,000 and is 100% fixed. Occupancy is 85% - ANSWER: a. $80,000
b. $80,000x% Variable x 75% Occupied)][($80,000) + ($0)]
$80,000
To replicate a value in a specifici month of each year during the project for a specific
expense, you must click which button in the Amount1 Varies window? - ANSWER:
Copy Column to End
When you have a one time increase or an increase that happens at different
increments or times, utilize the Fixed Steps Unit column. T or F? - ANSWER: F
When entering an available date prior to the start date within the rent roll, ARGUS
enterprise will assume: - ANSWER: The spaec is available, but vacant until the start
date.
The analysis start date is January 2020. A tenant's lease start date is MArch 2020. If
we want to show the lost absorption/ turnover rent for this tenant, what would be
entered into the following fields?
Available date field:
Start Date field: - ANSWER: available: January 2020
start date: March 2020
,The lost absoprtion / turnover rent being reported for the months prior to a lease
start will appear on the individual tenant cash flow / LPV report. T or F? - ANSWER: F
Tenants size: 2450 SF
Tenants rent: 13.00 / SF / Year
Calculate the percentage rent. $ - ANSWER: $6150
The % of total rental revenue method is calculated by taking the scheduled base
rent+_______ - ANSWER: CPI increases
The general vacanc calculation frequency can be monthly or annually. T or F? -
ANSWER: T
What is the general vacancy for this building?
Potential gross revenue: 9,600,000
Absorption & turnover vacancy: 230,000 - ANSWER: $261,500
Free rent, tenant improvement and leasing commission categories can be created in
the market parent tab and applied in the rent roll or the market leasing levels.
T or F? - ANSWER: T
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0% What is the operating expense amount that will
appear on the Cash Flow report? - ANSWER: $26,400
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0% and reimbursable expenses are grossed up to
100.0%. What is the operating expense amount that will appear on the Cash Flow
Report? - ANSWER: $26,400
What will Tenant A pay in reimbursement in 2017 if they have a 2016 Base Year Stop
and all Operating Expenses are included except the Real Estate Taxes?
Tenant A Size- 20,000 SF
Property Size- 25,000SF - ANSWER: $47,204.80
What will Tenant A pay in reimbursements in 2018 if the reimbursement method is
Net and all Operating Expenses are included in the recovery? - ANSWER:
$386,168.00
By default, when are leasing commissions paid within ARGUS Enterprise? - ANSWER:
The first month of the first lease year
What is the default Free Rent formula? - ANSWER: Base Rent + Fixed Steps + CPI
, _________ is a solution for consolidating and reporting property, tenant, portfolio,
and scenario information contained within the ARGUS Data Warehouse. - ANSWER:
Portfolio Level Reporting
Sensitivity Analysis allows you to create scenarios and make edits to an individual
property or all the properties within your portfolio simultaneously. T or F? -
ANSWER: T
Each time a filter is activated, the formula at the bottom of the screen is updated. To
remove the filter, click the X to the left of the filter formula. T or F? - ANSWER: T
By default, when is free rent given within ARGUS Enterprise? - ANSWER: The first
month(s) of the lease
When including Free Rent in the leasing commission calculation, is it ADDED or
SUBTRACTED within the formula? - ANSWER: Subtracted
The Upon Expiration field within the market leasing profile allows us to select any
overrides for past terms. T or F? - ANSWER: F
Assume that a property's CAM expense is $30,000 per year and 60.0% fixed. The
occupancy of the property is 70.0%. What value should be entered in the Amount1
field in the operating tab. - ANSWER: $30,000
Parameters for the Discount Rate change Interval on the IRR Matrix report can be
changed in the ______________________ tab? - ANSWER: Assumptions
Calculate the Utilities expense, using the following
assumptions____________________.
Property Size = 35,000 SF
Utilities expense= $0.15/SF/Year, 35.0% Fixed
Occupancy= 80% - ANSWER: $4,567.50
AE can have different term length for amortization and the loan. T or F? - ANSWER: T
Enter other debt information into the valuation tab. T or F? - ANSWER: F
Within the Investment tab, the _________________________ tab is used to
calculate debt notes outside the AE system. - ANSWER: Other Debt
A user can change the Hold Length for the Property Resale by selecting either Hold
Years or a Fixed date. T or F? - ANSWER: T
Calculate the resale value of the building using the following assumptions.(Round to
Nearest dollar).
Resale Method = Capitalize NOI
NOI= $784,567
