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Argus Certification EXAM 2024 AND PRACTICE QUESTIONS |ACCURATE ANSWERS| VERIFIED, Exams of Industrial Property Law

Argus Certification EXAM 2024 AND PRACTICE QUESTIONS |ACCURATE ANSWERS| VERIFIED FOR GUARANTEED PASS |GRADED A |NEW VERSION WITH 100 QUESTIONS

Typology: Exams

2024/2025

Available from 09/04/2024

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Download Argus Certification EXAM 2024 AND PRACTICE QUESTIONS |ACCURATE ANSWERS| VERIFIED and more Exams Industrial Property Law in PDF only on Docsity! Argus Certification EXAM 2024 AND PRACTICE QUESTIONS |ACCURATE ANSWERS| VERIFIED FOR GUARANTEED PASS |GRADED A |NEW VERSION WITH 100 QUESTIONS Which of the following reports can be accessed by clicking Property Reports? Check all that apply. A) Executive Summary B) Budget Comparison C) Cash Flow D) Property Resale - ANSWER A,B,C Users with the appropriate system rights and permissions can create ____ values for Property and Tenant Classifications. A) 1 B) 10 C) 100 D) More than 100 - ANSWER D Which of the following are available methods for calculating General Vacancy? Check all that apply. A) % of Potential Gross Revenue B) % of Total Rental Revenue C) % of Total Tenant Revenue D) % of Effective Gross Revenue - ANSWER A,B,C ____ allows us to track who ahs been in the asset and what changed have been made to taht asset. A) XL4ADW B) Sensitivity Reporting C) Audit Log D) Analysis Tab - ANSWER C Intelligent Renewals are used to specify that tenant leases be renewed using ____. Check all that apply. A) Last Months Rent Date B) Contract Rate C) Weighted Market Renewal Rate D) Market Rent in a different Market Leasing Profile - ANSWER A,B,C,D To change the Report Print Interval setting, click the ____ button. A) Modeling Policies B) Page Setup - ANSWER True When calculating a market leasing profile with the Upon Expiration set to Vacate, ARGUS Enterprise _____. A) Assumes a 0% renewal probability B) Assumes 100% renewal probability C) Takes a weighted Average D) Assumes the space will go dark - ANSWER A Users can define a varying building over time by clicking the Building Area ellipsis T/F?. - ANSWER True In the Property - Actuals sub-tab, Actuals can be viewed on what interval basis? - ANSWER Monthly, quarterly, semi-annually, annually Which Recovery Structure is best described by the following definition? This option specifies that the tenant will pay expenses over their base year stop for the year following the lease start. The tenant is responsible for their share of any expenses over this amount. - ANSWER Base year stop +1 The _______________ allows users to upload numerous files and URLs to centralize the location of property documents. - ANSWER Attachments Free Rent for specific months of a tenant's lease can ONLY be applied through a Free Rent category created in the Market Tab. - ANSWER False... can also do it in the "Tenants - Rent Roll Tab" The default formula for a Fixed % Leasing Commission is - ANSWER LC fixed% = (base rent+step rent-free rent)yr1xLC%) + (base rent+step rent-free rent)yr2xLC%) +...} Which Upon Expirations best fits the following description? AE will ignore the Market Leasing profile and will insert a new speculative lease line into the Rent Roll. The default term length is set to 1 year. - ANSWER Option A variable interest rate for a loan can be created by : - ANSWER Clicking the ellipses under "Loan Details" to change the interest rate over time Which button can be pressed to undo the changes made to the assets in a Sensitivity Scenario if you have not saved the scenario? - ANSWER FIND THIS ANSWER STILL... MAYBE PROCESS OF ELIMINATION ON EXAM Free Rent for specific months of a tenant's lease can ONLY be applied through a Free Rent category created in the Market Tab. - ANSWER False In the Market Inflation tab, how is 1/2% entered in? - ANSWER .5 A tenant can have multiple Percentage Rent calculations applied to their lease. - ANSWER TRUE, by clicking "Detailed/multiple" for Sales % Basis and then clicking details in the ribbon bar to add different percentage rent calculations How many Property Resale calculations can be created for a single property? - ANSWER A lot, never found exact number.... Can test in ARGUS or see answer options Different views can be created for the Rent Roll by removing Columns and Bands. - ANSWER True Which Recovery Structure is best described by the following definition? This option specifies that the tenant will reimburse all recoverable expenses over the building stop amount entered based on their proportionate share of the building area. - ANSWER Base Year Stop The Chart of Account selected upon the initial creation of the portfolio CAN be replaced once the portfolio creation is complete. - ANSWER The Property Type can be used to filter and organize property-level data for input and reporting. - ANSWER Within a Sensitivity Scenario, you can make updates to each individual property or all of the properties at one time. - ANSWER True Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in which tab? - ANSWER Valuation -> Assumptions Tab 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 Undocked Report windows can be dragged to a second monitor so you can view your Reports and Input windows side by side. - ANSWER True Which of the following is considered "Non-Weighted" within the Market Leasing profiles? - ANSWER Months Vacant B) Save Property to File C) Check In/Out Property D) Save Property - ANSWER D What should be selected as the 'How Input' method for revenue or expense to be based on a percentage of other cash flow items in the property? A) Amount 1 B) Sub-lines C) % of Other D) Currency Amount / Vacant Area - ANSWER C Common Area Maintenance (CAM) is $100,000 and is 50% fixed. Occupancy is 75%. A) What dollar amount should be entered in the Amount1 field? _____ B) What will be the actual expense on the Cash Flow for CAM? ______ - ANSWER A) $100,000 B) $87,500 [ 100,000 x 50% Fixed] + [100,000 x 50% Variable x 75% Occupied] Insurance is $80,000 and is 100% fixed. Occupancy is 85%. A) What dollar amount should be entered in the Amount1 field? _____ B) What will be the actual expense on the Cash Flow for insurance? ____ - ANSWER A) $80,000 B) $80,000 [80,000 x 100% Fixed] + [80,000 x 0% variable x 85% Occupied] 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? A) Copy across and Down B) Copy to End C) Copy Column to End D) Column - ANSWER C Market rent is $15.00 / SF / Year in 2020. What is the Market Rent in 2023 (2021 5% Inf., 2022 5% Inf., 2023 3% Inf.)? A) 17.17 B) 17.03 C) 17.52 D) 17.81 - ANSWER B When calculating a Market Leasing profile with the Upon Expiration set to Renewal, Enterprise __________. A) Assumes a 0% Renewal. B) Takes a weighted average C) Assumes the space goes dark. D) Assumes a 100% renewal. - ANSWER D The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms T/F? - ANSWER False When you have a one-time increase, or an increase that happens at different increments or times, utilize the Fixed Steps Unit Column T/F? - ANSWER B When entering an Available Date prior to the Start Date within the Rent Roll, ARGUS Enterprise will assume: A) The space is not available until the start date B) The space is available, but vacant until the Start Date. C) The space is occupied until the Start Date D) None of the Above. - ANSWER B The Analysis Start Date is January 2020. A tenant's lease start date is Match 2020. If we want to show the Lost Absorption / Turnover Rent for this tenant, what would be entered in the following fields? Available Date Field: ______ Start Date Field: ______ - ANSWER Available: Jan 2020 Start: March 2020 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 T/F? - ANSWER False The General Vacancy calculation frequency can be monthly or annually T/F? - ANSWER True Calculate 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 In AE< a user can add over 100 properties into a portfolio T/F? - ANSWER 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 integrations D) All the above - ANSWER D In ARGUS Enterprise, you can only assign one Chart of Accounts to a Portfolio T/F? - ANSWER True The Discard Changes option will discard only the last change you have made to the property record T/F? - ANSWER False Only users with appropriate permissions can access all the features in the Control Panel T/F? - ANSWER True To lock down a specific property and restrict who can edit it, click the ____ button located in the ARGUS Enterprise Ribbon bar. A) Modeling Policies B) Calculate As C) Check Out Property D) Details - ANSWER C You can import and/or export v15 DCF files from ARGUS Enterprise T/F? - ANSWER True The Expense Inflation Rate will be the default percentage for: A) Operating Expenses B) Non-operating Expenses C) Capital Expenses D) All the above - ANSWER D Every inflation category must be given a number or it will default to the General Inflation Rate T/F? - ANSWER False Free Rent by default, kicks in at the beginning of the ___. A) Analysis Date B) Tenant's Lease Start Date C) Tenant's Lease Available Date D) None of the Above - ANSWER B The default recovery structure in ARGUS Enterprise is ____. A) Base Year Stop B) Net C) Fixed Amount D) None - ANSWER B The Available Date column in the Tenant-Rent Roll, represents the start of the tenant's lease T/F? - ANSWER False By default, Tenant Improvements and Leasing Commissions are paid at the start of the tenant's lease T/F? - ANSWER True The Upon Expiration field within the Market Leasing profile allows users to select a different Market Leasing profile to be used after the first Market Leasing term is over T/F?. - ANSWER True Contract Renewal: A) Utilizes the Renew Market Leasing profile terms. B) Utilizes the New Market Leasing profile terms. C) Inserts a new contract lease into the Rent Roll. D) None of the above. - ANSWER C The inflation rates are displayed on which report? A) Cash Flow B) Market Pricing C) Lease Audit D) Property Summary - ANSWER D Which report displays New Market, Renewal Market and Weighted Average results? A) Market Pricing Report B) Calculation Review Details Report C) Assumptions Report D) None of the above - ANSWER C B) $21,000 C) $40,000 D) $41,000 - ANSWER B Additional principal payments can be factored into the loan computations? T/F? - ANSWER 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. A) Amortize B) Balloon C) Delete D) Mature - ANSWER B 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. T/F? - ANSWER False The default formula for Leasing Commissions is: A) Base Rent + CPI - Step Rent B) Base Rent + Step Rent + Free Rent - CPI C) Base Rent + CPI D) Base Rent + Step Rent - Free Rent - ANSWER D To indicate that an expense should not be included in the cash flow projection nor used in the calculation of the NOI, select _____. A) % of Other B) Ref Acct C) Memo D) Reference Only - ANSWER D The percentage of the expense that is eligible to be recovered can be altered for the entire property with the Expense tab. T/F? - ANSWER True What is the default formula for Free Rent? A) Base Rent + CPI B) Base Rent + Fixed Steps + CPI C)CPI + Fixed Steps D) None of the Above - ANSWER B Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability. T/F? - ANSWER True The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. T/F? - ANSWER True When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. T/F? - ANSWER False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? A) Properties B) Portfolio Details C) Scenarios D) Audit Log - ANSWER B To change the report interval setting, click the ____ button. A) Modeling Policies B) Reports Tab C) Report Options D) Input - ANSWER C