ARGUS Certification Practice Test, Exams of Marketing Management

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Argus Certification Practice Test, ARGUS Certification Exam questions with correct answers True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - correct answer>> True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - correct answer>> True In AE, a user can add over 100 properties into a portfolio. - correct 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 integration d) All of the above - correct answer>> All of the above In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. - correct answer>> True The Discard Changes option will discard only the last change you have made to the property record. - correct answer>> False Only users with appropriate permissions can access all of the features in the Control Panel. - correct answer>> True 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 True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. - correct answer>> 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 - correct answer>> All of the above True or False: Every inflation category must be given a number or it will default to the General Inflation Rate. - correct answer>> False 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) Assuming a 0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - correct answer>> $0 Assuming 100% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. - correct answer>> $13,000 What is the Capital Expense amount that will appear on the Cash Flow? - correct answer>> $63,654??? Free Rent, by default, kick in at the beginning of the _________. - correct answer>> Tenant's Lease Start Date The default recovery structure in ARGUS enterprise is __________. - correct answer>> Net 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. 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. - correct answer>> 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. - correct answer>> False The default formula for Leasing Commissions is: - correct answer>> 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 ________________ - correct answer>> 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 - correct answer>> True What is the default formula for Free Rent? - correct answer>> Base Rent + Fixed Steps + CPI True or False: Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability. - correct answer>> True True or False: The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. - correct answer>> True True or False: When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. - correct answer>> False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? - correct answer>> Portfolio Details To change the report interval setting, click the _____________ button. - correct answer>> Report Options Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? - correct answer>> Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting except: a) Excel b) Tiff c) PDF d) HTML - correct answer>> d) HTML Task Pane provides a number of shortcuts and convenient functions, which include: - correct answer>> Getting Started, ARGUS Alerts, ARGUS Valuation - DCF Wizard, and Shared Workspace Getting Started (Task Pane) - 4 - correct answer>> Create new files, open recent files, connect to ARGUS website, and access a shared workplace online ARGUS Alerts - correct answer>> Login to the ARGUS website to receive instant alerts, news, and other information Property Library - correct answer>> Window allows you to view a list of property files in the active directory when other ARGUS Valuation - DCF property files are open. Toolbar (on the Property Library window) - correct answer>> Allows you to navigate to directories and to perform actions on one or multiple ARGUS files without opening the files themselves Items of Property Library Toolbar (5) - correct answer>> Email a file to someone, report on a batch of ARGUS files, create a portfolio, compare two or more files, add selected files to the Tenant Registry When creating a ARGUS file it is best to start with... - correct answer>> the Property Description Inputs of Property Description - correct answer>> Basic property information - timing area measures, and inflation What is the first window to appear when creating a new file? - correct answer>> Property Description window Where is the password button found? - correct answer>> Property Description window Property Type can or cannot be changed once selected? - correct answer>> CANNOT! Property Timing tab is found where? - correct answer>> Property Description window Property Timing tab includes: - correct answer>> Analysis start date, Reporting Start Date, and # of years to Report or End Date 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) All entries that begin with a "relative" start date will be relative to which date? - correct answer>> Analysis Start Date Reporting Start Date - correct answer>> - 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 - correct answer>> on or after the Analysis Start Date Analysis of up to (xx) years may be conducted - correct answer>> 40 If the analysis begins midyear... - correct answer>> ARGUS will calculate a stub year with the partial year in the first year Default unit of Area Measures is? - correct answer>> Square Feet % of Constant - correct answer>> Misc Revenue; interpreted as a percentage of the Amount column. If the amount of revenue is set to (blank), the Area/Constant column will be unavailable - correct answer>> $ Amount, % of EGR, % of line Rebursable Expenses - correct answer>> Property expenses the landlord will recover. All entires will be available for reimbursement by the tenants. Common Reimburment Expenses - correct answer>> CAM, Taxes, Insurance, Repairs & Maintence Reimbursable Expenses may be entered as (7) - correct answer>> Simple Amount, Detailed Amount, % of EGR, $/Area, % of Constant, % of Line, % of Fixed column - correct answer>> Determines the amount of the expense ( or revenue) that is based on occupancy Capital Expenditures - correct answer>> 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: - correct answer>> 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 - correct answer>> Property level Reports icon in the toolbar or Reports Menu - Property Level selection Property Level Reports can be viewed - correct answer>> Annually, Monthly, Quarterly, Semi- Annually Ways to access the Rent Roll - correct answer>> From tenant menu --> select Rent Roll, or clock the Rent Roll icon on the toolbar Default Lease Type choices are: - correct answer>> Office, Retail, Industrial, Pad Site and Storage In the Rent Roll, enter the Base/Min Rent field as (3) - correct answer>> Amount per area, total amount for a given period, or percent of market rent What are three ways a tenant can reimburse expenses? - correct answer>> None, Net, or Base Stop Net reimbursements - correct answer>> Triple net leases - tenant will pay their natural pro-rata share of all Reimbursable Expenses Base Stop - correct answer>> Typically 1 year and in Office spaces What kind of reimbursement method is used for gross leases? - correct answer>> Base Stop True of False: An ARGUS Valuation - DCF cannot calculate a base year prior to the analysis start date - correct answer>> True Rent Abatement - correct answer>> Number of months of free rent for the current lease STARTED AT THE BEGINNING OF THE LEASE TERM Leasing Costs - correct answer>> Consist of Tenant Improvements and Leasing Commissions Tenant Improvement default unit is... - correct answer>> $/SqFt Leasing Commissions default unit is... - correct answer>> Percentage of a tenant's total rent Market Leasing Assumptions are used for what purpose? - correct answer>> To control what happens to the contract lease after it expires and goes to market Market Leasing Assumptions can be accessed from (2) - correct answer>> Executive Dashboard(Market drop down menu, market leasing assumptions) or from the Rent Roll Upon Expiration drop-down menu - correct answer>> Control how the program will blend the MLA numbers Market (Upon Expiration selection) - correct answer>> Weighted average of new and renewal numbers Formula for the Market Rate Upon Expiration calculations - correct answer>> [Renewal Mkt% x Renewal Mkt Numbers] + [New Mkt% + new Mkt Numbers] = Market Rate Possible Options of the Upon Expiration drop-down menu (6) - correct answer>> Market, Renew, Vacate, Option, ReAbsorb, Non-Contiguous Yield Menu contains (4) - correct answer>> Property Purchase Price, Property Resale calculation, Present Value Discount rate, and Debt Financing Once revenues, expenses, and costs have been entered the next step is... - correct answer>> to enter the purchase price along with a resale calculation Direct Capitalization is useful for brokers because - correct answer>> they typically determine the value of the property using the "going in" cap rate The Capitalization Period - correct answer>> is a 12-month period of income into which the cap rate is divided Direct Cap Capitalization Options (3) - correct answer>> Year One, Year Starting in Month, First 12 months Capitalization Period: Year One - correct answer>> Use the first calendar year of the analysis period Cap Period: Year Starting in Month x - correct answer>> select a specific month within the 12 month period Cap Period: First 12 Months - correct answer>> use the first 12 months of the analysis