ARGUS CERTIFICATION PRACTICE QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED, Exams of Nursing

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ARGUS CERTIFICATION PRACTICE QUESTIONS ARGUS CERTIFICATION PRACTICE QUESTIONS WITH GUARANTEED ACCURATE ANSWERS |VERIFIED True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - ACCURATE ANSWERS✔✔ True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - ACCURATE ANSWERS✔✔ True In AE, a user can add over 100 properties into a portfolio. - ACCURATE ANSWERS✔✔ True Which is a benefit to utilizing a Chart of Accounts? a) Easier to track Revenues/Expenses b) Standardizes portfolio for names of all Expenses/Revenues c) Helps with accounting system integration d) All of the above - ACCURATE ANSWERS✔✔ All of the above In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. - ACCURATE ANSWERS✔✔ True The Discard Changes option will discard only the last change you have made to the property record. - ACCURATE ANSWERS✔✔ False Only users with appropriate permissions can access all of the features in the Control Panel. - ACCURATE ANSWERS✔✔ True To lock down a specific property and restrict who can edit it, click the _____________ button located in the ARGUS Enterprise Ribbon bar. - ACCURATE ANSWERS✔✔ Check Out Property True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. - ACCURATE ANSWERS✔✔ True The Expense Inflation Rate will be the default percentage for: a) Operating Expenses b) Non-Operating Expenses c) Capital Expenses d) All of the above - ACCURATE ANSWERS✔✔ All of the above If 12% is a desired return, enter 12% in the ________________ parent tab. - ACCURATE ANSWERS✔✔ Valuation What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in a base year stop structure? - ACCURATE ANSWERS✔✔ $0 What will LB Corporation pay for reimbursements in 2017? - ACCURATE ANSWERS✔✔ The amount of 2017 total operating expenses over 2016 total operating expenses What will LB Corporation pay for reimbursements in 2018? - ACCURATE ANSWERS✔✔ The amount of 2018 total operating expenses over 2016 total operating expenses If a tenant's space is available, but sitting vacant before they move in and you want to show that vacancy on reports, what do you need to enter in for the Lease dates? - ACCURATE ANSWERS✔✔ The Available Date needs to be when the space is actually available and the Start Date needs to be when the tenant's lease begins. True or False: Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window. - ACCURATE ANSWERS✔✔ True Assuming a sale date of December 2020, what will be the net proceeds from sale if we have a resale calculation that capitalizes the NOI 12 months after sale? - ACCURATE ANSWERS✔✔ (2021 NOI / 10% Cap Rate)*(1.0 - 3% adjustment) Assuming a sale date of December 2020, what will be the net proceeds from sale if we have a resale calculation that capitalises the NOI of the sale year? - ACCURATE ANSWERS✔✔ (202 NOI / 10% Cap Rate)*(1.0 - 3% adjustment) When using an Available date that is before the Start date, the loss in potential rent (Base Rental Revenue) can be shown on which report? - ACCURATE ANSWERS✔✔ Lease Audit ______________________ is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner. - ACCURATE ANSWERS✔✔ Percentage Rent What is the default calculation formula for Chargeable Sales? - ACCURATE ANSWERS✔✔ Sales Volume - Breakpoint Calculate the General Vacancy Loss using the following assumptions: -PGR: $800,000 -ATV: $20,000 -Calculation: 5% of PGR - ACCURATE ANSWERS✔✔ [(800,000 + 20,0000)*0.05] - $20,000 = $21,000 True or False: Additional principal payments can be factored into the loan computations? - ACCURATE ANSWERS✔✔ True While running a 7-year analysis on a property with a 30-year debt note in ARGUS Enterprise, the note will _____________ at the end of the projection. - ACCURATE ANSWERS✔✔ Balloon After changing the modeling policy for Gross Ups, any Recovery Structure already created will default to the Gross Up percent in the Modeling Policies window. - ACCURATE ANSWERS✔✔ False The default formula for Leasing Commissions is: - ACCURATE ANSWERS✔✔ Base Rent + Step Rent + CPI - Free Rent To indicate that an expense should not be included in the cash flow projection nor used in the calculation of the NOI, select ________________ - ACCURATE ANSWERS✔✔ Reference Only True or False: The percentage of the expense that is eligible to be recovered can be altered for the entire property within the Expense tab - ACCURATE ANSWERS✔✔ True What is the default formula for Free Rent? - ACCURATE ANSWERS✔✔ Base Rent + Fixed Steps + CPI When creating a ARGUS file it is best to start with... - ACCURATE ANSWERS✔✔ the Property Description Inputs of Property Description - ACCURATE ANSWERS✔✔ Basic property information - timing area measures, and inflation What is the first window to appear when creating a new file? - ACCURATE ANSWERS✔✔ Property Description window Where is the password button found? - ACCURATE ANSWERS✔✔ Property Description window Property Type can or cannot be changed once selected? - ACCURATE ANSWERS✔✔ CANNOT! Property Timing tab is found where? - ACCURATE ANSWERS✔✔ Property Description window Property Timing tab includes: - ACCURATE ANSWERS✔✔ Analysis start date, Reporting Start Date, and # of years to Report or End Date Analysis Start Date - ACCURATE ANSWERS✔✔ Sets the date at which ARGUS Valuation - DCF calculations will occur. For example, month 6 is relative to the analysis start date (not Reporting Start Date) All entries that begin with a "relative" start date will be relative to which date? - ACCURATE ANSWERS✔✔ Analysis Start Date Reporting Start Date - ACCURATE ANSWERS✔✔ - Sets the date at which reports will begin - Does not alter the timing of base calculations in the program Reporting Start Date must fall (where) relative to the Analysis Start Date - ACCURATE ANSWERS✔✔ on or after the Analysis Start Date Analysis of up to (xx) years may be conducted - ACCURATE ANSWERS✔✔ 40 If the analysis begins midyear... - ACCURATE ANSWERS✔✔ ARGUS will calculate a stub year with the partial year in the first year Default unit of Area Measures is? - ACCURATE ANSWERS✔✔ Square Feet When entering a inflation percentage that is less than 1%, it must be in what form? - ACCURATE ANSWERS✔✔ decimal Percentages of inflation may be entered as... - ACCURATE ANSWERS✔✔ positive or negative whole numbers, or a decimal If an inflation field is left empty... - ACCURATE ANSWERS✔✔ it will default to the General Inflation Rate Why is inflation in year 1 never available? - ACCURATE ANSWERS✔✔ Because it does not occur until the beginning of the 2nd year Inflation input into Year 2 will apply to which years numbers? - ACCURATE ANSWERS✔✔ Year 1 When entering the Property Size, enter the (blank) area - ACCURATE ANSWERS✔✔ net rentable Default inflation is? - ACCURATE ANSWERS✔✔ 0% unless changed The main screen that displays once a file has been created or opened - ACCURATE ANSWERS✔✔ Executive Dashboard Executive Dashboard - ACCURATE ANSWERS✔✔ Basic summary of all the Year 1 information in an ARGUS Valuation - DCF file In the Executive Dashboard, where are the links to the input screens found? - ACCURATE ANSWERS✔✔ Icons on the tool bar as well as the links in grey type Rebursable Expenses - ACCURATE ANSWERS✔✔ Property expenses the landlord will recover. All entires will be available for reimbursement by the tenants. Common Reimburment Expenses - ACCURATE ANSWERS✔✔ CAM, Taxes, Insurance, Repairs & Maintence Reimbursable Expenses may be entered as (7) - ACCURATE ANSWERS✔✔ Simple Amount, Detailed Amount, % of EGR, $/Area, % of Constant, % of Line, % of Fixed column - ACCURATE ANSWERS✔✔ Determines the amount of the expense ( or revenue) that is based on occupancy Capital Expenditures - ACCURATE ANSWERS✔✔ Not considered part of a property's NOI and appear below the income line on the CF in the Capital Costs section Typical CapEx are: - ACCURATE ANSWERS✔✔ Stuctural or Capital reserves, building repairs, or improvements (anything to improve te property value that is not routine) Property Level reports can be accessed in (2) ways - ACCURATE ANSWERS✔✔ Property level Reports icon in the toolbar or Reports Menu - Property Level selection Property Level Reports can be viewed - ACCURATE ANSWERS✔✔ Annually, Monthly, Quarterly, Semi- Annually Ways to access the Rent Roll - ACCURATE ANSWERS✔✔ From tenant menu --> select Rent Roll, or clock the Rent Roll icon on the toolbar Default Lease Type choices are: - ACCURATE ANSWERS✔✔ Office, Retail, Industrial, Pad Site and Storage In the Rent Roll, enter the Base/Min Rent field as (3) - ACCURATE ANSWERS✔✔ Amount per area, total amount for a given period, or percent of market rent What are three ways a tenant can reimburse expenses? - ACCURATE ANSWERS✔✔ None, Net, or Base Stop Net reimbursements - ACCURATE ANSWERS✔✔ Triple net leases - tenant will pay their natural pro-rata share of all Reimbursable Expenses Base Stop - ACCURATE ANSWERS✔✔ Typically 1 year and in Office spaces What kind of reimbursement method is used for gross leases? - ACCURATE ANSWERS✔✔ Base Stop True of False: An ARGUS Valuation - DCF cannot calculate a base year prior to the analysis start date - ACCURATE ANSWERS✔✔ True Rent Abatement - ACCURATE ANSWERS✔✔ Number of months of free rent for the current lease STARTED AT THE BEGINNING OF THE LEASE TERM Leasing Costs - ACCURATE ANSWERS✔✔ Consist of Tenant Improvements and Leasing Commissions Tenant Improvement default unit is... - ACCURATE ANSWERS✔✔ $/sqft Leasing Commissions default unit is... - ACCURATE ANSWERS✔✔ Percentage of a tenant's total rent Market Leasing Assumptions are used for what purpose? - ACCURATE ANSWERS✔✔ To control what happens to the contract lease after it expires and goes to market Market Leasing Assumptions can be accessed from (2) - ACCURATE ANSWERS✔✔ Executive Dashboard(Market drop down menu, market leasing assumptions) or from the Rent Roll Upon Expiration drop-down menu - ACCURATE ANSWERS✔✔ Control how the program will blend the MLA numbers Ways to calculate the resale at the end of the analysis (3) - ACCURATE ANSWERS✔✔ Capitalize NOI, Apply Rate to following year income, Calculate Resale for All Years Capitalize NOI - ACCURATE ANSWERS✔✔ Divides the NOI in the final analysis year by the cap rate Gross Proceeds from Sale = (formula) - ACCURATE ANSWERS✔✔ NOI/Cap Rate Apply Rate to following year income (Property Resale) - ACCURATE ANSWERS✔✔ Resale proceeds will be calculated using the following year of the analysis Calculate Resale for All Years (Property Resale) - ACCURATE ANSWERS✔✔ Calculate and display proceeds for each analysis year (for reporting purposes) Where can you find the Cap Rate Matrix? - ACCURATE ANSWERS✔✔ Bottom right icon of the Property Resale screen Cap Rate Matrix - ACCURATE ANSWERS✔✔ Allows your to input a range of Cap Rates that will calculate a range of pvs in a Cap Rate Matrix Report Present Value Discounting - ACCURATE ANSWERS✔✔ Pg. 46 To access the Cap Rate Matrix Report - ACCURATE ANSWERS✔✔ Reports, Property Level..., Check Prospective Present Vale Options, Check Cap Rate Matrix Prospective Resale and IRR Summary Report - ACCURATE ANSWERS✔✔ Shows what we think we will get back and when Frequency of Reimbursable Expenses can be entered as (x) in the drop down menu - ACCURATE ANSWERS✔✔ Annually, Monthly, Quarterly Present Value Discounting - ACCURATE ANSWERS✔✔ target internal rate of return