ARGUS Practice exam questions with
solved solutions
True/False: Once Budget and/or Actuals have been imported into AE from a 3rd
party system, adjustments cannot be made in the Budget and/or Actuals tab. -
ANSWER>>True
Which of the following is NOT a level offered within the Chart of Accounts
section? - ANSWER>>Sub-Account
Which of the following is NOT a Classification type in AE? - ANSWER>>Region
True/False: Users in ARGUS Enterprise can have permissions assigned to them at
the Portfolio, Scenario, and Property Level. - ANSWER>>True
Which General Vacancy calculation is found by adding the Total Tenant Revenue +
Total Other Income? - ANSWER>>% of Potential Gross Revenue
True/False: Both Positive and Negative inflation rates can be entered into ARGUS
Enterprise/ - ANSWER>>True
What is the extension of a property asset file in ARGUS Enterprise? -
ANSWER>>.avux
Which Valuation tab's primary purpose is to determine the current value of the
property? - ANSWER>>Direct Capitalization
True/False: It is possible to have multiple Property Resale Calculations active for a
single property. - ANSWER>>False
,Calculate the Property Resale Value of a building with: (1) Analysis Length: 5
Years; (2) Calc Method: CAP NOI (12 Months After Sale); (3) Year 5 NOI: $750,000;
(4) Year 6 NOI: $1,000,000; (5) Cap Rate: 5.00% - ANSWER>>$20,000,000
($1,000,000/0.05=20,000,000)
True/False: Only one (1) debt note can be entered in ARGUS Enterprise. -
ANSWER>>False
If the analysis is 10 years long and you have a 30-year debt note, when will it
balloon? - ANSWER>>10 Years
When calculating a Market Leasing profile with the Upon Expiration set to Vacate,
ARGUS Enterprise will _____________. - ANSWER>>Assume a 0.0% renewal
propability
Which of the following Upon Expiration is described by the following definition:
Renewals will be processes on the renewal probability in the Market Leasing
profile (weighted average calculations of new and renewal rates for market rents,
tenant improvements, leasing commissions, etc.)? - ANSWER>>Market
With a 60.0% Renewal Probability, what Tenant Improvement rate will be
calculated if a tenant rolls to Market in the first year of the analysis and New TI
Rates are $20.00/SF and Renewal TI Rates are $10.00/SF` - ANSWER>>$14.00/SF
(($20.00*40% New Probability)+($10.00*60% Renewal Probability))
Calculate the Market Rent Rate in Year 2 using the following information for a
tenant that is set to "Renew" in the Upon Expiration field: (1) Renewal Probability:
50%; (2) Market Inflation Rate: 5.0%; (3) New Market Rent (Year 1):
$100.00/SF/Year; (4) Renewal Market Rent (Year 1): $75.00/SF/Year -
ANSWER>>$78.75/SF/Year ($75*(1+0.05)=$78.75)
If a Tenant's Upon Expiration is set to Month to Month, how many months of
downtime will appear on the Tenant Cash Flow? - ANSWER>>0 Months
, The weighted average is 6.4 for the Months Vacant in a Market Leasing profile.
How many months of downtime will occur if a tenant was set to Market upon
rollover? - ANSWER>>6 Months
Which of the following is NOT included in the default Leasing Commissions Fixed
% calculation? - ANSWER>>Recoveries
Use the following assumptions to calculate the Percentage Rent: (1) Tenant Size:
10,000 SF; (2) Building Size: 100,000 SF; (3) Tenant Annual Rent: $50,000; (4)
Annual Sales Amount: $10,000,000; (5) Sales %: 5%; (6) Breakpoint: Zero -
ANSWER>>$500,000 ($10,000,000*0.05=$500,000)
______________ is a solution for consolidating and reporting property, tenant,
portfolio, and scenario information contained within ARGUS Enterprise. -
ANSWER>>Portfolio Reporting
True/False: Properties can be filtered, sorted, and grouped in the Portfolio
interface. - ANSWER>>True
True/False: Users can define a varying building area over time by clicking on the
Building Area ellipsis. - ANSWER>>True
The ___________ tab allows users to upload numerous files to centralize the
property documents. - ANSWER>>Attachments
What is the maximum number of years an analysis length can be? -
ANSWER>>100 Years
True/False: The Report Options button allows a user to change the Print Interval
setting for specific reports. - ANSWER>>True
solved solutions
True/False: Once Budget and/or Actuals have been imported into AE from a 3rd
party system, adjustments cannot be made in the Budget and/or Actuals tab. -
ANSWER>>True
Which of the following is NOT a level offered within the Chart of Accounts
section? - ANSWER>>Sub-Account
Which of the following is NOT a Classification type in AE? - ANSWER>>Region
True/False: Users in ARGUS Enterprise can have permissions assigned to them at
the Portfolio, Scenario, and Property Level. - ANSWER>>True
Which General Vacancy calculation is found by adding the Total Tenant Revenue +
Total Other Income? - ANSWER>>% of Potential Gross Revenue
True/False: Both Positive and Negative inflation rates can be entered into ARGUS
Enterprise/ - ANSWER>>True
What is the extension of a property asset file in ARGUS Enterprise? -
ANSWER>>.avux
Which Valuation tab's primary purpose is to determine the current value of the
property? - ANSWER>>Direct Capitalization
True/False: It is possible to have multiple Property Resale Calculations active for a
single property. - ANSWER>>False
,Calculate the Property Resale Value of a building with: (1) Analysis Length: 5
Years; (2) Calc Method: CAP NOI (12 Months After Sale); (3) Year 5 NOI: $750,000;
(4) Year 6 NOI: $1,000,000; (5) Cap Rate: 5.00% - ANSWER>>$20,000,000
($1,000,000/0.05=20,000,000)
True/False: Only one (1) debt note can be entered in ARGUS Enterprise. -
ANSWER>>False
If the analysis is 10 years long and you have a 30-year debt note, when will it
balloon? - ANSWER>>10 Years
When calculating a Market Leasing profile with the Upon Expiration set to Vacate,
ARGUS Enterprise will _____________. - ANSWER>>Assume a 0.0% renewal
propability
Which of the following Upon Expiration is described by the following definition:
Renewals will be processes on the renewal probability in the Market Leasing
profile (weighted average calculations of new and renewal rates for market rents,
tenant improvements, leasing commissions, etc.)? - ANSWER>>Market
With a 60.0% Renewal Probability, what Tenant Improvement rate will be
calculated if a tenant rolls to Market in the first year of the analysis and New TI
Rates are $20.00/SF and Renewal TI Rates are $10.00/SF` - ANSWER>>$14.00/SF
(($20.00*40% New Probability)+($10.00*60% Renewal Probability))
Calculate the Market Rent Rate in Year 2 using the following information for a
tenant that is set to "Renew" in the Upon Expiration field: (1) Renewal Probability:
50%; (2) Market Inflation Rate: 5.0%; (3) New Market Rent (Year 1):
$100.00/SF/Year; (4) Renewal Market Rent (Year 1): $75.00/SF/Year -
ANSWER>>$78.75/SF/Year ($75*(1+0.05)=$78.75)
If a Tenant's Upon Expiration is set to Month to Month, how many months of
downtime will appear on the Tenant Cash Flow? - ANSWER>>0 Months
, The weighted average is 6.4 for the Months Vacant in a Market Leasing profile.
How many months of downtime will occur if a tenant was set to Market upon
rollover? - ANSWER>>6 Months
Which of the following is NOT included in the default Leasing Commissions Fixed
% calculation? - ANSWER>>Recoveries
Use the following assumptions to calculate the Percentage Rent: (1) Tenant Size:
10,000 SF; (2) Building Size: 100,000 SF; (3) Tenant Annual Rent: $50,000; (4)
Annual Sales Amount: $10,000,000; (5) Sales %: 5%; (6) Breakpoint: Zero -
ANSWER>>$500,000 ($10,000,000*0.05=$500,000)
______________ is a solution for consolidating and reporting property, tenant,
portfolio, and scenario information contained within ARGUS Enterprise. -
ANSWER>>Portfolio Reporting
True/False: Properties can be filtered, sorted, and grouped in the Portfolio
interface. - ANSWER>>True
True/False: Users can define a varying building area over time by clicking on the
Building Area ellipsis. - ANSWER>>True
The ___________ tab allows users to upload numerous files to centralize the
property documents. - ANSWER>>Attachments
What is the maximum number of years an analysis length can be? -
ANSWER>>100 Years
True/False: The Report Options button allows a user to change the Print Interval
setting for specific reports. - ANSWER>>True
