ARGUS Certification Exam | 112Questions with 100% Correct Answers | Verified | Latest Upda, Exams of Community Corrections

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ARGUS Certification Exam | 112Questions with 100% Correct Answers | Verified | Latest Update What is the calculation for the Natural Breakpoint for Percentage Rent? - ✔✔️B️ase Rent / Sales Percentage Which of the following is a purpose for a Market Leasing profile? - ✔✔️T️o 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: $2,000,000 Sales Percentage: 3% Breakpoint: Natural - ✔✔️$️35,000 A Portfolio may have _______ Chart of Accounts applied at a time - ✔✔️O️ne Percentage Rent fields are only available when _________ is selected as the property type. - ✔✔️R️etail or Mixed Use that includes Retail Which of the following are levels offered with the Chart of Accounts?Check all that apply. - ✔✔️P️arent/Header Cashflow/GL Account Detail/Job Costs Which of the following reports can be accessed by clicking Property Reports? Check all that apply. - ✔✔️E️xecutive Summary Budget Comparison Cash Flow Enter the Property Resale information in the _______________ tab. - ✔✔️V️aluation To change the Report Print Interval setting, click the __________ button. - ✔✔️R️eport Options The _______________ allows users to upload numerous files and URLs to centralize the location of property documents. - ✔✔️A️ttachments Tab Which of the following are included in the default Leasing Commission calculation? Check all that apply. - ✔✔️F️ree Rent Fixed Steps Which of the following are included in the default Free Rent calculation? Check all that apply. - ✔✔️B️ase Rent Fixed Steps CPI Rent Increases Intelligent Renewals are used to specify that tenant leases be renewed using __________________. Check all that apply. - ✔✔️L️ast 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. - ✔✔️T️rue 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: $42,330 Tenant 1 Override %: 0% - ✔✔️$️2,265 ________________ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the ARGUS Data Warehouse. - ✔✔️P️ortfolio Level Reporting Entering in a property address will allow a user to access a map of the location in AE. - ✔✔️F️alse Enter any debt calculated outside of ARGUS Enterprise on the ________ tab under the Investment tab. - ✔✔️O️ther Debt % Fixed: 35% % Occupied: 82% % Grossed Up: 90% - ✔✔️$️14,569.50 The Fixed Amount/Area Recovery Method is calculated as: - ✔✔️T️he annual amount/area, based on Tenant Size, that will be paid by the tenant each year. Which of the following is considered a primary use for XL4ADW? Check all that Apply. - ✔✔️C️ustom queries of results data Import of new models and data Modify modeling data in AE (Round Trip) Review modeling data in AE (Input Assumptions) In the Portfolio section of the File tab, existing properties within the portfolios are displayed in the ___________ pane. - ✔✔️P️roperties Users can define a varying buliding area over time by clicking the Building Area ellipsis. - ✔✔️T️rue A property with an analysis start date of January 2014 has Market Rent for both new and renewal tenants at $20.50/SF/Year. If a tenant rolls to market and a new lease begins in September 2018, what rent would ARGUS Enterprise use for the speculative tenant? Assume Market Rent Inflation is 4% beginning in the second year of the analysis. - ✔✔️$️23.98 When will the CPI Increase be applied to a tenant when the selected method is "Each Lease Anniversary"? - ✔✔️A️t the beginning of each lease year starting in the second year. Once a property asset type is selected it cannot be changed - ✔✔️F️alse The analysis begin date defaults to the current month and year - ✔✔️F️alse Which section in the Navigation pane allows users to update a variety of different setting ranging from Managing Users Data to Import Validation Rules to Report Settings? - ✔✔️G️lobal Categories Which of the Portfolio Application Tabs is best described by the following statement? This application allows users to create and view analytical charts and graphs based on a combination of properties from the portfolio. - ✔✔️A️nalysis What is the extension of a property asset file in Argus Enterprise? - ✔✔️.️avux What saves the updates to the property asset model to the database? If a calculation had been performed it also saves the latest calculation results. - ✔✔️S️ave 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? - ✔✔️%️ of Other To replicate a value in a specific month of each year during the project for a specific expense, you must click which button in the Amount1 Varies Window - ✔✔️C️opy Column to End When calculating a Market Leasing Profile with the upon expiration set to Renewal, Enterprise does what? - ✔✔️A️ssumes a 100% renewal The upon expiration field within the Market Leasing profile allows us to select any overrides for past terms - ✔✔️F️alse A user can change the Hold Length for the property resale by selecting either hold years or a fixed date - ✔✔️T️rue Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in what tab? - ✔✔️A️ssumptions Argus Enterprise can have a different term length for amortization than for the loan duration? - ✔✔️T️rue Enter Other Debt information into the valuation tab - ✔✔️F️alse When you have a one time increase, or an increase that happen at different increments or times, utilize the Fixed Steps Unit Column - ✔✔️F️alse The Lost Absorption/Turnover Rent being reported for the months prior to a lease start will appear on the individual Tenant Cash Flow/LPV Report - ✔✔️F️alse How is the % of Total Revenue method calculated? - ✔✔️S️cheduled Base Rent + CPI Increases General Vacancy calculation frequency can be monthly or annually - ✔✔️T️rue Free Rent, Tenant Improvements, and Leasing Commission categories can be created in the Market parent tab and applied in the Rent Roll or the Market Leasing levels - ✔✔️T️rue When including free rent in the leasing commission calculation, is it added or subtracted? - ✔✔️S️ubtracted When are leasing commissions paid by default within Argus Enterprise? - ✔✔️A️t the first of the month of the first lease year What is the default free rent formula - ✔✔️B️ase Rent + Fixed Steps + CPI When is free rent given within Argus? - ✔✔️T️he first month(s) of the lease 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 - ✔✔️T️rue What is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the Argus Data Warehouse? - ✔✔️P️ortfolio Level Reporting Sensitivity Analysis allows you to create scenarios and make edits to an individual property or all the properties within your portfolio simultaneously - ✔✔️T️rue Actuals and Budget Information can be viewed on what basis? - ✔✔️M️onthly, Quarterly, Semi- Annually, and Annually Argus Enterprise merges three industry standard solutions: Argus Valuation - DCF, Argus asset management, and Argus Valuation-Capitalization - ✔✔️T️rue In Argus, you can utilize the keyboard shortcut commands to navigate within certain sections of the program - ✔✔️T️rue In AE, a user can ass over 100 properties into a portfolio - ✔✔️T️rue Which is a benefit of using Chart of Accounts? - ✔✔️E️asier to track revenues and expenses Standardizes portfolio for names of all Expenses and Revenues Helps with accounting system integration