ARGUS Enterprise Certification Exam Review, Exams of Topography

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ARGUS Enterprise Certification Exam

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ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation - DCF , ARGUS Asset Management, and ARGUS Valuation - Capitalization

A) True B) False - correct answers.A) True

In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program.

A)True B) False - correct answers.A) True

In AE, a us er can add over 100 properties into a portfolio.

A)True B)False - correct answers.A)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 answers.D) All of the Above

In ARGUS Enterprise, you can only assign one Chart of Accounts to a Portfolio.

A) True

B) False - correct answers.A) True

The Discard Changes option will discard only the last change you have made to the property record.

A)True B)False - correct answers.B) False

Only users with appropriate permissions can access all of the features in the Control Panel.

A)True B) False - correct answers.A) 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 - correct answers.C) Check out property

You can import and/or export v15 DCF files from ARGUS Enterprise.

A) True B) False - correct answers.A) 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 answers.D) All of the Above

Every inflation category must be given a number or it will default to the General Inflation Rate.

A) True B) False - correct answers.B) False

Use the Following Data For Questions 12-14:

Inflation 3.5% Building Size: 60,000 SF

Revenues - Miscellaneous - Name : Vending Machine - $13,000 Annually - 0% Fixed

Assuming a 60.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis.

A) $ B) $6, C) $7, D) $13,000 - correct answers.C) $7,

Assuming 0.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis.

A) $ B) $6, C) $7, D) $13,000 - correct answers.A) $

Assuming a 100.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis.

A) $ B) $6, C) $7, D) $13,000 - correct answers.D) $13,

Use the following data for question 15:

$60,000 in March 2021 Inflation 3.0% in 2019 and 2020, No Inflation after that

What is the Capital Expense amount that will appear on the Cash Flow?

A) $60, B) $61, C) $65, D) $63,654 - correct answers.D) $63,

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 - correct answers.B) Tenant's Lease Start Date

The default recovery structure in ARGUS Enterprise is _____.

A) Base Year Stop B) Net C) Fixed Amount D) None - correct answers.B) Net

The Available Date column in the Tenants - Rent Roll, represents the start of the tenant's lease.

A) True B) False - correct answers.B) False

By default, Tenant Improvements and Leasing Commissions are paid at the start of the tenant's lease.

A) True B) False - correct answers.A) 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.

A) True B) False - correct answers.A) 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. - correct answers.C) Inserts a new contract lease into the Rent Roll

The Inflation rates are displayed on which report?

A) Cash Flow B) Market Pricing C) Lease Audit D) Property Summary - correct answers.D) Property Summary

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. - correct answers.C) Assumptions Report

When your resale calculatioon is set to CAP NOI (12 months after sale), which year's NOI will be used when analyzing a 6 - year analysis?

A) 1st B) 5th C) 6th D) 7th - correct answers.D) 7th

If 12% is a desired return, enter 12% in the ________ parent tab.

A) Valuation B) Cap Rate C) Investment D) Property Resale - correct answers.A) Valuation

Use the Following to answer questions 26-28:

(See Page 265 of AE Manual for data)

• LB Corporation signed a 3 year lease with a commencement date of January 2016 -LB Corporation will occupy 100% of the property.
• LB Corporation will reimburse expenses according to a Base Year Stop structure

What will LB Corporation pay for reimbursements in 2016?

A) $ B) $ 212, C) $474, D) $420,101 - correct answers.A) $

What will LB Corporation pay for reimbursements in 2017?

A) $ B) $34, C) $33, D) 34,298 - correct answers.C) $33,

What will LB Corporation pay for reimbursements in 2018?

A) $ B) $ 33, C) 38, D) 48,417 - correct answers.D) $48,

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?

A) Enter the same date in the Available and Start date fields. B) 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. C) Lease Execution needs to be the same date as the Lease Start. D) Available and Lease Execution need to have the same date. - correct answers.B) 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.

Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window.

A) True B) False - correct answers.A) True

Use the following information to answer Questions 31 &32:

NOI: 2016 - $314,227 2019 - $ 407, 2017 - $376,252 2020 - $ 415415 2018 - $410,713 2021 - $ 404, 263

Total NOI - $2,328,

Resale Cap rate of 10% Adjustments of 3%

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? (rounded to the nearest dollar)

A) $3,921, B) $4,029, C) $4,042, D) $4,154,150 - correct answers.A) $3,921,

Assuming a sale date of December 2020, what will the net proceeds from ale if we have a resale calculation that capitalizes the NOI of the sale year? (rounded to the nearest dollar)

A) $3,921, B) $4,029, C) $4,042, D) $4,154,150 - correct answers.B) $4,029,

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?

A) Lease Audit B) Tenant Cash Flow C) Executive Summary D) Recovery Audit - correct answers.A) Lease Audit

_________ is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner.

A) CPI B) Percentage Rent C) Step Rent D) None of the above. - correct answers.B) Percentage Rent

What is the default calculation formula for Chargeable Sales?

A) Base Rent / Sales % B) Chargeable Sales x Sales % C) Sales % x Sales Volume D) Sales Volume - Breakpoint - correct answers.D) Sales Volume - Breakpoint

Calculate the General Vacancy Loss using the following assumptions:

• Potential Gross Revenue: $800,
• Absorption & Turnover Vacancy: $20,
• Calculation: 5% of Potential Gross Revenue

A) $20, B) $21, C) $40, D) $41,000 - correct answers.B) $21,

Additional principal payments can be factored into the loan computations?

A) True B) False - correct answers.A) 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) Ballon C) Delete D) Mature - correct answers.B) Balloon

After changing the modeling policy for Gross Ups, any Recovery Structure already created will default to the Gross Up percentage in the Modeling Policies window.

A) True B) False - correct answers.B) 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 + CPI - Free Rent - correct answers.D) 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 ________.

A) % of Other B) Ref Acct C) Memo D) Reference Only - correct answers.D) Reference Only

The percentage of the expense that is eligible to be recovered can be altered for the entire property within the Expenses tab.

A) True B) False - correct answers.A) 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. - correct answers.B) Base Rent + Fixed Steps - CPI

Months Vacant Overrides will only affect the first rollover and there will be no blending based upon the renewal probability.

A) True B) False - correct answers.A) True

The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment.

A) True

B) False - correct answers.A) True

When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen.

A) True B) False - correct answers.B) 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 - correct answers.B) Portfolio Details

To change the report interval setting, click the ______ button.

A) Modeling Policies B) Reports Tab C) Report Options D) Input - correct answers.C) Report Options

Which report within Portfolio Levels Reports will show individual property information that makes up the selected cash flow totals?

A) Cash Flow B) Dashboard C) Cash Flow Detail D) Cash Flow Comparison - correct answers.C) Cash Flow Detail

All of the following are options for exporting Portfolio Level Reporting EXCEPT?

A) Excel B) Tiff C) PDF D) HTML - correct answers.D) HTML