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ARGUS CERTIFICATION EXAM
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 - ANSWERS-d. Edit Property 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 - ANSWERS-c. % 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 amount 1 Varies window? a. Copy Across & Down b. Copy to End
c. Copy Column to End d. Column - ANSWERS-c. Copy Column to End 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 - ANSWERS-d. Assumes a 100% renewal Once a Property Asset Type is selected it cannot be changed (T/F) - ANSWERS-False The Analysis Begin date defaults to the current Month and Year (T/F)
- ANSWERS-True Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be changed in the tab? - ANSWERS- Assumptions Within the Investments tab, the tab is used to calculate notes outside of the AE system. - ANSWERS-Other Debt By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) - ANSWERS-True Enter Other Debt information into the Valuation tab (T/F) - ANSWERS-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) - ANSWERS- When entering an Available Date prior to the Start Date within the Rent Roll - ANSWERS- Net - ANSWERS-All recoverable expenses are paid by the tenant based on their proportionate share of the building area. Base Year Stop - ANSWERS-All recoverable expenses are paid by the tenant based on their proportionate share of the building area over a stop amount, which is the amount of annual recoverable expenses in
the base year, or first year, of the lease calculated by the system. If the tenant's lease begins prior to the analysis start date and you select Base Year Stop, the calculated stop will use all reimbursable expenses in the first year of the analysis. Stop Amount - ANSWERS-Enter the building stop amount. Tenants for whom you select this method will reimburse all recoverable expenses over the building stop amount entered based on their proportionate share of the building area. Stop Amount/Area - ANSWERS-Enter the building stop amount/area. Tenants for whom you select this method will reimburse all recoverable expenses over the building stop amount/area entered based on their proportionate share of the building area. Fixed Amount - ANSWERS-Enter the annual recovery amount that will be paid by the tenant each year. The fixed amount can be a single amount or it can vary over time. The fixed amount is a tenant amount not a building amount. Fixed Amount/Area - ANSWERS-Enter the annual amount/area recovery that will be paid by the tenant each year. The fixed amount/area can be a single amount or it can vary over time. The rate entered varies according the amount of area under lease, not according to the entire building area. None - ANSWERS-No recoveries will be calculated for the tenant.
Market (Upon Expiration) - ANSWERS-Renewal processed based on the renewal probability in the Market Leasing profile (weighted average calculations of new and renewal rates for market rents, TI's, LC's etc.) Reabsorb - ANSWERS-All income for the space will cease when the initial lease term expires. In other words the space "goes dark" and does not lease again. This allows the space to be "reabsorbed" or re- leased either in full or in smaller sections Renew - ANSWERS-Assumes a 100% renewal probability for the current renewal period. A new speculative lease is created based on the renewal market entries in the Market Leasing profile. Vacate - ANSWERS-Assumes a 0% renewal probability for the current renewal period. A new speculative lease is created based on the new market entries in the Market Leasing profile. Option - ANSWERS-AE will entirely ignore the Market Leasing profile, and will insert a new speculative lease line into the Rent Roll. Select Option only if specific rent and parameters of the option term are known. Contract Renewal - ANSWERS-AE will ignore the Market Leasing profile, and will insert a new contract lease into the Rent Roll. Select Contract Renewal if the specific rent and parameters of the renewal are known.
Month to Month - ANSWERS-AE will ignore the Market Leasing profile, and will insert a new speculative lease line into the Rent Roll. This option can be used after a lease expires and a tenant needs to occupy the space for only a couple more months before vacating. Holdover - ANSWERS-AE will ignore the Market Leasing profile, and will insert a new speculative lease line into the rent roll. A holdover tenant is a renter who remains in a property after the expiration of the lease. If the landlord continues to accept rent payments, the holdover tenant can continue to legally occupy the property. State laws and court rulings determine how long the holdover tenant's new rental term is if the landlord accepts rent. Lease Type: Contract v. Speculative - ANSWERS-Contract: The tenant is under contract and occupies space in the building. Speculative: The tenant is not currently in the building Custom Lease Status: This option includes any custom lease statuses you have created. Breakpoint - ANSWERS-The sales amount which must be achieved prior to the payment of any percentage rent. Natural Breakpoint - ANSWERS-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.
