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ARGUS CERTIFICATION PRACTICE TEST
Typology: Exams
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True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - Answers- True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - Answers- True In AE, a user can add over 100 properties into a portfolio. - Answers- 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 - Answers- All of the above In ARGUS Enterprise, you can only assign one Chart of Accounts to a portfolio. - Answers- True The Discard Changes option will discard only the last change you have made to the property record. - Answers- False Only users with appropriate permissions can access all of the features in the Control Panel. - Answers- True To lock down a specific property and restrict who can edit it, click the _____________ button located in the ARGUS Enterprise Ribbon bar. - Answers- Check Out Property True or False: You can import and/or export v15 DCF files from ARGUS Enterprise. - Answers- True Which report displays New Market, Renewal Market, and Weighted Average results? - Answers- Assumptions Report 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? - Answers- The 7th years NOI If 12% is a desired return, enter 12% in the ________________ parent tab. - Answers- Valuation What will LB Corporation pay for reimbursements in 2016 if 2016 is the base year in a base year stop structure? - Answers- $ What will LB Corporation pay for reimbursements in 2017? - Answers- The amount of 2017 total operating expenses over 2016 total operating expenses
What will LB Corporation pay for reimbursements in 2018? - Answers- The amount of 2018 total operating expenses over 2016 total operating expenses 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? - Answers- 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. True or False: Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window. - Answers- True 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? - Answers- (2021 NOI / 10% Cap Rate)(1.0 - 3% adjustment) Assuming a sale date of December 2020, what will be the net proceeds from sale if we have a resale calculation that capitalises the NOI of the sale year? - Answers- (202 NOI / 10% Cap Rate)(1.0 - 3% adjustment) When using an Available date that is before the Start date, the loss in potential rent (Base Rental Revenue) can be shown on which report? - Answers- Lease Audit ______________________ is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner. - Answers- Percentage Rent What is the default formula for Free Rent? - Answers- 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. - Answers- True True or False: The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. - Answers- True True or False: When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. - Answers- False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? - Answers- Portfolio Details To change the report interval setting, click the _____________ button. - Answers- Report Options
What is the default calculation formula for Chargeable Sales? - Answers- Sales Volume
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. - Answers- True 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 - Answers- c) Inserts a new contract lease The inflation rates are displayed on which report? - Answers- Property Summary 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. - Answers- False The default formula for Leasing Commissions is: - Answers- 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 ________________ - Answers- 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 - Answers- True Which report within Portfolio Level Reports will show individual property information that makes up the selected cash flow totals? - Answers- Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting except: a) Excel b) Tiff c) PDF d) HTML - Answers- d) HTML