Argus Certification Exam Study Guide | 200 Questions with 100% Correct Answers | Verified, Exams of Study of Commodities

Download Argus Certification Exam Study Guide | 200 Questions with 100% Correct Answers | Verified and more Exams Study of Commodities in PDF only on Docsity! Argus Certification Exam Study Guide | 200 Questions with 100% Correct Answers | Verified | Latest Update | 16 Pages 1. Once a Property Asset Type is selected it cannot be changed (T/F) - Correct answer False 2. The Analysis Begin date defaults to the current Month and Year (T/F) - Correct answer True 3. Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region d. Lease - Correct answer a. Property b. Tenant 4. Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) - Correct answer True 5. What is the extension of a property asset file in ARGUS Enterprise? a. .sf b. .avux c. .aeex d. .aeix - Correct answer b. avux 6. To take a property out of read-only mode, the ______________ button must be selected from the Ribbon. a. Refresh b. Ellipses c. Check In/Out Property d. Edit Property - Correct answer d. Edit Property 7. What should be selected as the 'How Input' method in order for the 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 - Correct answer c. % of Other 8. 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 amount 1 Varies window? a. Copy Across & Down b. Copy to End c. Copy Column to End d. Column - Correct answer c. Copy Column to End 9. 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 - Correct answer d. Assumes a 100% renewal 10. The Upon Expiration field within the Market Leasing profile allows us to select any overrides for past terms (T/F) - Correct answer False 11. The Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the ______________________, when using CAP NOI (12 Months After Sale). - Correct answer Cap Rate 12. Tenant Improvements/Leasing Commissions can be subtracted out of the Resale calculation (T/F) - Correct answer True 13. Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the _________________ tab? - Correct answer Assumptions 14. Within the Investments tab, the _______________________ tab is used to calculate notes outside of the AE system. - Correct answer Other Debt 15. By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) - Correct answer True 16. Enter Other Debt information into the Valuation tab (T/F) - Correct answer False 17. 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) - Correct answer 18. When entering an Available Date prior to the Start Date within the Rent Roll - Correct answer and court rulings determine how long the holdover tenant's new rental term is if the landlord accepts rent. 38. Lease Type: Contract v. Speculative - Correct answer Contract: The tenant is under contract and occupies space in the building. 39. Speculative: The tenant is not currently in the building 40. Custom Lease Status: This option includes any custom lease statuses you have created. 41. Breakpoint - Correct answer The sales amount which must be achieved prior to the payment of any percentage rent. 42. Natural Breakpoint - Correct answer If you select this option, the percentage rent will be calculated based on the natural breakpoint. The natural breakpoint is the result of adding base rent, step rent, and CPI. 43. Zero Breakpoint - Correct answer If you select this option, percentage rent will be calculated based on total sales volume. 44. Absorption Months v. Months Between Leases - Correct answer Input one, AE will calculate the other 45. What must be subtracted out to calculate leasing commission? - Correct answer Free Rent 46. True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - Correct answer True 47. In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - Correct answer True 48. In AE, a user can add over 100 properties into a portfolio. - Correct answer True 49. 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 - Correct answer All of the above 50. In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. - Correct answer True 51. The Discard Changes option will discard only the last change you have made to the property record. - Correct answer False 52. Only users with appropriate permissions can access all of the features in the Control Panel. - Correct answer True 53. To lock down a specific property and restrict who can edit it, click the _____________ button located in the ARGUS Enterprise Ribbon bar. - Correct answer Check Out Property 54. True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. - Correct answer True 55. 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 - Correct answer All of the above 56. True or False: Every inflation category must be given a number or it will default to the General Inflation Rate. - Correct answer False 57. Assuming a 60% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis (revenue is $13,000 with fixed percentage of 0%). - Correct answer $7,800 (.6*13000) 58. Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - Correct answer $0 59. Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - Correct answer $13,000 60. What is the Capital Expense amount that will appear on the Cash Flow? - Correct answer $63,654??? 61. Free Rent, by default, kick in at the beginning of the _________. - Correct answer Tenant's Lease Start Date 62. The default recovery structure in ARGUS enterprise is __________. - Correct answer Net 63. The Available Date column in the Tenants - Rent Roll, represents the start of the tenant's lease. - Correct answer False. The Start Date represents the start of the tenants lease. 64. True or False: By default, Tenant Improvements and Leasing Commissions are paid at the start of the tenant's lease. - Correct answer True 65. True or False: 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. - Correct answer True 66. Contractual 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 - Correct answer c) Inserts a new contract lease 67. The inflation rates are displayed on which report? - Correct answer Property Summary 68. Which report displays New Market, Renewal Market, and Weighted Average results? - Correct answer Assumptions Report 69. When your resale calculation is set to CAP NOI (12 months after sale), which year's NOI will be used when analyzing a 6-year analysis? - Correct answer The 7th years NOI 70. If 12% is a desired return, enter 12% in the ________________ parent tab. - Correct answer Valuation 71. What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in a base year stop structure? - Correct answer $0 72. What will LB Corporation pay for reimbursements in 2017? - Correct answer The amount of 2017 total operating expenses over 2016 total operating expenses 73. What will LB Corporation pay for reimbursements in 2018? - Correct answer The amount of 2018 total operating expenses over 2016 total operating expenses 74. 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? - Correct answer 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. 75. True or False: Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window. - Correct answer True 76. 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? - Correct answer (2021 NOI / 10% Cap Rate)*(1.0 - 3% adjustment) 105. When creating a ARGUS file it is best to start with... - Correct answer the Property Description 106. Inputs of Property Description - Correct answer Basic property information - timing area measures, and inflation 107. What is the first window to appear when creating a new file? - Correct answer Property Description window 108. Where is the password button found? - Correct answer Property Description window 109. Property Type can or cannot be changed once selected? - Correct answer CANNOT! 110. Property Timing tab is found where? - Correct answer Property Description window 111. Property Timing tab includes: - Correct answer Analysis start date, Reporting Start Date, and # of years to Report or End Date 112. Analysis Start Date - Correct answer 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) 113. All entries that begin with a "relative" start date will be relative to which date? - Correct answer Analysis Start Date 114. Reporting Start Date - Correct answer - Sets the date at which reports will begin - Does not alter the timing of base calculations in the program 115. Reporting Start Date must fall (where) relative to the Analysis Start Date - Correct answer on or after the Analysis Start Date 116. Analysis of up to (xx) years may be conducted - Correct answer 40 117. If the analysis begins midyear... - Correct answer ARGUS will calculate a stub year with the partial year in the first year 118. Default unit of Area Measures is? - Correct answer Square Feet 119. When entering a inflation percentage that is less than 1%, it must be in what form? - Correct answer decimal 120. Percentages of inflation may be entered as... - Correct answer positive or negative whole numbers, or a decimal 121. If an inflation field is left empty... - Correct answer it will default to the General Inflation Rate 122. Why is inflation in year 1 never available? - Correct answer Because it does not occur until the beginning of the 2nd year 123. Inflation input into Year 2 will apply to which years numbers? - Correct answer Year 1 124. When entering the Property Size, enter the (blank) area - Correct answer net rentable 125. Default inflation is? - Correct answer 0% unless changed 126. The main screen that displays once a file has been created or opened - Correct answer Executive Dashboard 127. Executive Dashboard - Correct answer Basic summary of all the Year 1 information in an ARGUS Valuation - DCF file 128. In the Executive Dashboard, where are the links to the input screens found? - Correct answer Icons on the tool bar as well as the links in grey type 129. The Globe and Magnifying Glass icon - Correct answer Is a link to view the property in Google Maps 130. Where are the Export, Print, Calculate, and Pause button located? - Correct answer Bottom right hand corner 131. Where is the import Graphic icon located? - Correct answer Upper left corner of the executive dashboard 132. The Import Graphics icon - Correct answer Import images and will be included on each new property created with that template 133. To create or modify a dashboard select the (blank) - Correct answer Dashboard template icon 134. Where is the Dashboard Template icon located? - Correct answer The toolbar of the executive dashboard 135. What are the (blank) per-formatted Dashboard templates? - 6 - Correct answer Valuation Summary, Classic, Investment, Appraisal,Lending, and Navigation 136. Miscellaneous Revenues - Correct answer Are property-level income items not paid by the tenants. Any operating revenue not paid by the tenants can be entered in this screen. 137. What are examples of miscellaneous revenues? - Correct answer Vending machines or rental of roof antennas 138. What are the possible misc. revenues that can be selected? (5) - Correct answer % of EGR, $ Amount, $/Area, % of Constant, % of Line 139. % of Line - Correct answer Misc revenue; the allows the revenue to be based on a percentage of other items in the property 140. % of EGR - Correct answer Misc. Revenue; percentage of the Effective Gross Income 141. $ Amount - Correct answer Misc. Revenue; interpreted as a full payment amount 142. $/Area - Correct answer Misc. Revenue; multiplied by the area measure selected in the area column 143. % of Constant - Correct answer Misc Revenue; interpreted as a percentage of the Amount column. 144. If the amount of revenue is set to (blank), the Area/Constant column will be unavailable - Correct answer $ Amount, % of EGR, % of line 145. Rebursable Expenses - Correct answer Property expenses the landlord will recover. All entires will be available for reimbursement by the tenants. 146. Common Reimburment Expenses - Correct answer CAM, Taxes, Insurance, Repairs & Maintence 147. Reimbursable Expenses may be entered as (7) - Correct answer Simple Amount, Detailed Amount, % of EGR, $/Area, % of Constant, % of Line, 148. % of Fixed column - Correct answer Determines the amount of the expense ( or revenue) that is based on occupancy 178. Cap Period: First 12 Months - Correct answer use the first 12 months of the analysis 179. Difference between Cap Period Year One and First 12 Months - Correct answer Is when the first year of the analysis is less than 12 months (ex: 1/12 - 6/12) 180. True of False: Extra months are always placed at the beginning of the analysis - Correct answer TRUE 181. How would you blend the Direct Capitalization with the Unleveraged Present Value of the property? (ONLY ASIA) - Correct answer Select the Calculate a Blended Value (ONLY ASIA) 182. Property Resale window - Correct answer Where resale assumptions are made 183. Ways to calculate the resale at the end of the analysis (3) - Correct answer Capitalize NOI, Apply Rate to following year income, Calculate Resale for All Years 184. Capitalize NOI - Correct answer Divides the NOI in the final analysis year by the cap rate 185. Gross Proceeds from Sale = (formula) - Correct answer NOI/Cap Rate 186. Apply Rate to following year income (Property Resale) - Correct answer Resale proceeds will be calculated using the following year of the analysis 187. Calculate Resale for All Years (Property Resale) - Correct answer Calculate and display proceeds for each analysis year (for reporting purposes) 188. Where can you find the Cap Rate Matrix? - Correct answer Bottom right icon of the Property Resale screen 189. Cap Rate Matrix - Correct answer Allows your to input a range of Cap Rates that will calculate a range of PVs in a Cap Rate Matrix Report 190. Present Value Discounting - Correct answer Pg. 46 191. To access the Cap Rate Matrix Report - Correct answer Reports, Property Level..., Check Prospective Present Vale Options, Check Cap Rate Matrix 192. Prospective Resale and IRR Summary Report - Correct answer Shows what we think we will get back and when 193. Frequency of Reimbursable Expenses can be entered as (x) in the drop down menu - Correct answer Annually, Monthly, Quarterly 194.Present Value Discounting - Correct answer target internal rate of return