ARGUS Enterprise Certification Exam Review | 50 Questions with 100% Correct Answers | Veri, Exams of Community Corrections

Download ARGUS Enterprise Certification Exam Review | 50 Questions with 100% Correct Answers | Veri and more Exams Community Corrections in PDF only on Docsity! ARGUS Enterprise Certification Exam Review | 50 Questions with 100% Correct Answers | Verified | Latest Update ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation - DCF , ARGUS Asset Management, and ARGUS Valuation - Capitalization True False - ✔✔️A️) True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. A)True B) False - ✔✔️A️) True In AE, a us er can add over 100 properties into a portfolio. A)True B)False - ✔✔️A️)True Which is a benefit to utilizing a Chart of Accounts? Easier to track Revenues/Expenses Standardizes portfolio for names of all Expenses/Revenues Helps with accounting system integration. All of the Above - ✔✔️D️) All of the Above In ARGUS Enterprise, you can only assign one Chart of Accounts to a Portfolio. True False - ✔✔️A️) True The Discard Changes option will discard only the last change you have made to the property record. A)True B)False - ✔✔️B️) False Only users with appropriate permissions can access all of the features in the Control Panel. A)True B) False - ✔✔️A️) True To lock down a specific property and restrict who can edit it, click the __________ button located in the ARGUS Enterprise Ribbon bar. Modeling Policies Calculate As Check out Property Details - ✔✔️C️) Check out property You can import and/or export v15 DCF files from ARGUS Enterprise. True False - ✔✔️A️) True The Expense Inflation Rate will be the default percentage for: Operating Expenses Non-operating Expenses Capital Expenses All of the Above - ✔✔️D️) All of the Above Every inflation category must be given a number or it will default to the General Inflation Rate. True False - ✔✔️B️) 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 Market Pricing Lease Audit Property Summary - ✔✔️D️) Property Summary Which report displays New Market, Renewal Market and Weighted Average results? Market Pricing Report Calculation Review Details Report Assumptions Report None of the Above. - ✔✔️C️) 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? 1st 5th 6th 7th - ✔✔️D️) 7th If 12% is a desired return, enter 12% in the ________ parent tab. Valuation Cap Rate Investment Property Resale - ✔✔️A️) 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? $0 $ 212,100 $474,240 $420,101 - ✔✔️A️) $0 What will LB Corporation pay for reimbursements in 2017? $0 $34,561 $33,012 34,298 - ✔✔️C️) $33,012 What will LB Corporation pay for reimbursements in 2018? $0 $ 33,012 38,491 48,417 - ✔✔️D️) $48,417 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? Enter the same date in the Available and Start date fields. 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. Lease Execution needs to be the same date as the Lease Start. Available and Lease Execution need to have the same date. - ✔✔️B️) 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. True False - ✔✔️A️) True Use the following information to answer Questions 31 &32: NOI: 2016 - $314,227 2019 - $ 407,746 2017 - $376,252 2020 - $ 415415 2018 - $410,713 2021 - $ 404, 263 Total NOI - $2,328,617 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) $3,921,351 $4,029,526 $4,042,630 $4,154,150 - ✔✔️A️) $3,921,351 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) $3,921,351 $4,029,526 $4,042,630 $4,154,150 - ✔✔️B️) $4,029,526 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? Lease Audit Tenant Cash Flow Executive Summary Recovery Audit - ✔✔️A️) Lease Audit _________ is used in retail properties where tenants are expected to pay a percentage of their sales to the property owner. The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. True False - ✔✔️A️) True When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. True False - ✔✔️B️) False Different levels of detail can be set for the Audit Log in which Portfolio Application tab? Properties Portfolio Details Scenarios Audit Log - ✔✔️B️) Portfolio Details To change the report interval setting, click the ______ button. Modeling Policies Reports Tab Report Options Input - ✔✔️C️) Report Options Which report within Portfolio Levels Reports will show individual property information that makes up the selected cash flow totals? Cash Flow Dashboard Cash Flow Detail Cash Flow Comparison - ✔✔️C️) Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting EXCEPT? Excel Tiff PDF HTML - ✔✔️D️) HTML