ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Ans, Exams of Community Corrections

Download ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Ans and more Exams Community Corrections in PDF only on Docsity! ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 1) (T/F) Once a property asset type is selected it cannot be changed - Correct answer False. In the DCF version you cant but in enterprise the asset type CAN be changed after its created 2) (T/F) The analysis begin date defaults to the current month and year - Correct answer True. and 100 years is the longest analysis period 3) Which section in the navigation pane allows users to update a variety of different settings ranging from managing users to data import validation rules to report settings? - Correct answer control panel 4) Which of the portfolio application tabs is best described by the following statement? This application allows users to create and view analytical charts and graphs based on a combination of properties from the portfolio - Correct answer analysis 5) What is the extension of a property asset file in argus enterprise? - Correct answer .avux 6) ________ saves the updates to the property asset model to the database. If a calculation has been performed, it also saves the latest calculation results - Correct answer save property (you do this under property view) pg. 1 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 7) what should be selected as the 'how input' method for the revenue or expense to be based on a percentage of other cash flow line items in the property? - Correct answer % of other. example- management fee as % of effective gross revenue 8) Common area maintenance is $100,000 and is 50% fixed. Occupany is 75%. A) What dollar amount should be entered in the amount 1 field? B) What will be the actual expense on the cash flow for CAM? - Correct answer A. 100,000 C) 87,500 9) work for B: (expense amount* % fixed) + (expense amount * % variable * % occupied) 10) (100,000 * .5) + (100,000 * .5 * .75) = 87,500 11) Insurance is $80,000 and is 100% fixed. Occupancy is 85%. A) What dollar amount should be entered in the amount1 field? B) What will be the actual expense on the cash flow for insurance? - Correct answer A. 80,000 C) 80,000 12) 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 Amount1 varies window? - Correct answer copy column to end 13) What is the Market rent in 2025? 14) relevant info from book (pg 47): 15) market rent in 2022 is 15 16) market inflation rate is 5% in 2023 and 2024, then it is 3% in 2025, 2026 and 2027 - Correct answer 17.03 pg. 2 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 44) work: 45) (pgr + absorption & turnover) * vacancy rate - absorption and turnover 46) (9600000 + 230000) * 5% - 230,000 47) 261,500 48) Calculate the utilities expense, using the following assumptions 49) property size= 35,000 SF 50) utilities expense= 0.15/sf/year --> 35% fixed 51) occupancy= 80% - Correct answer (expenses * fixed%) + (expenses * variable % * occupancy %) 52) ((35,000 * .15) * .35) + ((35,000 * .15) * .65 * .80) 53) 4,567.50 54) Assume that a property's cam expense is $30,000 per year and 60% fixed the occupancy of the property is 70%. What value should be entered in the amount1 field in the operating tab? - Correct answer 30,000 55) Assume that a property's cam expense is $30,000 per year and 60% fixed. the occupancy of the property is 70%. What is the operating expense amount that will appear on the cash flow report? - Correct answer (expense * fixed%) + (expense * variable % * occupancy %) 56) (30,000 * .60) + (30,000 * .40 * .70) 57) =26,400 58) Assume that a property's cam expense is $30,000 per year and 60% fixed. the occupancy of the property is 70% and reimbursable expenses are grossed up to 100%. What is the operating pg. 5 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages expense amount that will appear on the cash flow report? - Correct answer (expense * fixed %) + (expense * variable % * occupancy %) 59) (30,000 * .60) + (30,000 * .40 * .70) 60) =26,400 61) 5- What will tenant A pay in reimbursements in 2017 if they have a 2016 base year stop and all opex are included except the real estate taxes? 62) info: 63) tenant A size= 20,000 64) property size= 25,000 65) total opex 2016= 404,703 66) res taxes 2016= 80,000 67) total opex 2017= 466,109 68) res taxes 2017= 82,400 - Correct answer ((2017 total opex- res taxes) - (2016 total opex - res taxes)) * (tenant size/ property size) 69) (466109-82400) - (404703-80000) * (20,000/25,000) 70) =47,204.80 71) 5- What will tenant A pay in reimbursements in 2018 if the reimbursement method is net and all operating expenses are included in the recovery? 72) info: 73) 2018 total opex= 482,710 74) tenant A size= 20,000 75) property size= 25,000 - Correct answer 2018 total opex * (tenant size/ property size) pg. 6 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 76) 482,710 * (20,000/25,000) 77) 386,168.00 78) (T/F) Free rent, tenant improvement and leasing commission categories can be created in the market parent tab and applied in the rent roll or the market leasing levels - Correct answer true 79) when including free rent in the leasing commission calculation, is it added or subtracted within the formula? - Correct answer subtracted 80) By default, when are leasing commisssions paid within argus enterprise? - Correct answer the first month of the first lease year 81) What is the default free rent formula - Correct answer base rent+ fixed steps + cpi 82) 6- By default, when is free rent given within argus enterprise? - Correct answer the first month(s) of the lease 83) The gross sale price is calculated by taking the NOI to capitalize and dividing it by the __________, when using cap NOI (12 months after sale) - Correct answer cap rate 84) (T/F) a user can change the hold length for the property resale by selecting either hold years or a fixed date - Correct answer true 85) Calculate the resale value of the building using the following assumptions pg. 7 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 109) In AE, a user can add over 100 properties into a portfolio. 110) A)True 111) B)False - Correct answer A)True 112) 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 D) All of the Above 113) In ARGUS Enterprise, you can only assign one Chart of Accounts to a Portfolio. A) True B) False - Correct answer A) True 114) The Discard Changes option will discard only the last change you have made to the property record. 115) A)True 116) B)False - Correct answer B) False 117) Only users with appropriate permissions can access all of the features in the Control Panel. pg. 10 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 118) A)True 119) B) False - Correct answer A) True 120) 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 answer C) Check out property 121) You can import and/or export v15 DCF files from ARGUS Enterprise. A) True B) False - Correct answer A) True 122) 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 D) All of the Above 123) Every inflation category must be given a number or it will default to the General Inflation Rate. pg. 11 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages A) True B) False - Correct answer B) False 124) Use the Following Data For Questions 12-14: 125) Inflation 3.5% 126) Building Size: 60,000 SF 127) Revenues - Miscellaneous - Name : Vending Machine - $13,000 Annually - 0% Fixed 128) Assuming a 60.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. A) $0 B) $6,500 C) $7,800 D) $13,000 - Correct answer C) $7,800 129) Assuming 0.0% occupancy, calculate the Vending Machine revenue in Year 1 of the analysis. A) $0 B) $6,500 C) $7,800 D) $13,000 - Correct answer A) $0 pg. 12 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 140) 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 answer C) Inserts a new contract lease into the Rent Roll 141) The Inflation rates are displayed on which report? A) Cash Flow B) Market Pricing C) Lease Audit D) Property Summary - Correct answer D) Property Summary 142) 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 answer C) Assumptions Report 143) 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? pg. 15 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages A) 1st B) 5th C) 6th D) 7th - Correct answer D) 7th 144) If 12% is a desired return, enter 12% in the ________ parent tab. A) Valuation B) Cap Rate C) Investment D) Property Resale - Correct answer A) Valuation 145) Use the Following to answer questions 26-28: 146) (See Page 265 of AE Manual for data) - LB Corporation signed a 3 year lease with a commencement date of January 2016 147) -LB Corporation will occupy 100% of the property. - LB Corporation will reimburse expenses according to a Base Year Stop structure 148) What will LB Corporation pay for reimbursements in 2016? A) $0 pg. 16 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages B) $ 212,100 C) $474,240 D) $420,101 - Correct answer A) $0 149) What will LB Corporation pay for reimbursements in 2017? A) $0 B) $34,561 C) $33,012 D) 34,298 - Correct answer C) $33,012 150) What will LB Corporation pay for reimbursements in 2018? A) $0 B) $ 33,012 C) 38,491 D) 48,417 - Correct answer D) $48,417 151) 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. pg. 17 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages C) Step Rent D) None of the above. - Correct answer B) Percentage Rent 165) 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 answer D) Sales Volume - Breakpoint 166) Calculate the General Vacancy Loss using the following assumptions: - Potential Gross Revenue: $800,000 - Absorption & Turnover Vacancy: $20,000 - Calculation: 5% of Potential Gross Revenue - $20,000 - $21,000 - $40,000 - $41,000 - Correct answer B) $21,000 167) Additional principal payments can be factored into the loan computations? A) True B) False - Correct answer A) True pg. 20 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 168) 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 answer B) Balloon 169) 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 answer B) False 170) 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 - Free Rent - Correct answer D) Base Rent + Step Rent - Free Rent 171) 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 pg. 21 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages B) Ref Acct C) Memo D) Reference Only - Correct answer D) Reference Only 172) 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 answer A) True 173) 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 answer B) Base Rent + Fixed Steps + CPI 174) 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 answer A) True 175) The Batch Update allows a user to model several changes simultaneously instead of performing each individual adjustment. pg. 22 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages D. Tenant - Correct answer C. Region 184) T/F Users in AE can have permissions assigned to them at the Portfolio, Scenario, and Property Level - Correct answer True 185) Which General Vacancy calculation is found by adding the Total Tenant Revenue + Total Other Income? A. Annual Amount B. % of Potential Gross Revenue C. % Total Rental Revenue D. % of Total Tenant Revenue - Correct answer B. % of Potential Gross Revenue 186) T/F Both Positive and Negative inflation rates can be entered into AE. - Correct answer True 187) What is the extension of a property asset file in AE? A. .sf B. .aeix C. PISCES D. .avux - Correct answer D. .avux 188) Which Valuation tab's primary purpose is to determine the current value of the property? A. Assumptions B. Direct Capitalization C. Property Resale pg. 25 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages D. Present Value - Correct answer B. Direct Capitilization 189) T/F It is possible to have multiple Property Resale Calculations active for a single property. - Correct answer False 190) Calculate the Property Resale Value of a building with: 191) Analysis Length: 5 Years 192) Calc Method: CAP NOI (12 Months after Sale) 193) Year 5 NOI: $750,000 194) Year 6 NOI: $1,000,000 195) Cap Rate: 5.00% A. $37,500 B. $50,000 C. $15,000,000 D. $20,000,000 - Correct answer D. $20,000,000 196) T/F Only one debt note can be entered in AE. - Correct answer False 197) If the analysis is 10 years long and you have a 30-year debt note, when will it balloon? A. 10 Years B. 11 Years C. 15 Years D. 30 Years - Correct answer A. 10 Years pg. 26 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 198) When calculating a Market Leasing profile with the Upon Expiration set to Vacate, AE will _____ A. Assume a 0% renewal probability B. Assume a 100% renewal probability C. Assume the space goes dark and reabsorbs the area D. Ignores the Market Leasing profile and inserts a new Contract lease line - Correct answer A. Assume a 0% renewal probability 199) Which of the following Upon Expiration is described by the following definition: Renewals will be processed based on the renewal probability in the Market Leasing profile (weighted average calculations of new and renewal rates for market rents, tenant improvements, leasing commissions, etc)? A. Market B. Renew C. Option D. Month to Month - Correct answer A. Market 200) With a 60% Renewal Probability, what Tenant Improvement rate will be calculated if a tenant rolls to Market in the first year of the analysis and New TI Rates are $20/SF and Renewal TI Rates are $10/SF? A. $10/SF B. $14/SF C. $15/SF D. $20/SF - Correct answer B. $14/SF pg. 27 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages B. Property Cash Flows C. Sensitivity Assumptions D. Portfolio Reporting - Correct answer D. Portfolio Reporting 217) T/F Properties can be filtered, sorted and grouped in the Portfolio interface. - Correct answer True 218) T/F Users can define a varying building area over time by clicking the Building Area ellipsis. - Correct answer True 219) The _____ tab allows users to upload numerous files to centralize the property documents. A. Property B. Area Measures C. Attachments D. Classifications - Correct answer C. Attachments 220) What is the maximum number of years an analysis length can be? A. 1 Year B. 40 Years C. 100 Years D. There is no limit - Correct answer C. 100 Years 221) T/F The Report Options button allows a user to change the Print Interval setting for specific reports. - Correct answer True pg. 30 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages 222) The Tenant Reports - Lease Summary displays the following: A. Only Tenants entered in the Rent Roll B. Only Tenants entered in Space Absorption C. Both Tenants entered in the Rent Roll and Space Absorption - Correct answer C. Both Tenants entered in the Rent Roll and Space Absorption 223) Which of the following is NOT a Property Report? A. Cash Flow B. Executive Summary C. Assumptions D. Tenant Summary - Correct answer D. Tenant Summary 224) The Property Reports - Assumptions displays what information? A. Market Leasing Profiles B. Inflation Rates C. General Vacancy Rates D. All of the Above - Correct answer D. All of the Above 225) Calculate Tenant A's recovery amount using the following assumptions: 226) Recovery Structure: Net 227) Tenant A Size: 2,500 SF 228) Building Area: 50,000 SF 229) Operational Expense Total: $100,000 pg. 31 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages A. $125 B. $2,500 C. $5,000 D. $50,000 - Correct answer C. $5,000 230) Calculate Tenant B's recovery amount using the following assumptions: 231) Recovery Structure: Net 232) Tenant B Size: 10,000 SF 233) Building Area: 50,000 SF 234) Operating Expense Total: $1,500,000 A. $10,000 B. $50,000 C. $150,000 D. $300,000 - Correct answer D. $300,000 235) Calculate Tenant C's recovery amount using the following assumptions: 236) Recovery Structure: Base Year Stop 237) Tenant C Size: 10,000 SF 238) Building Area: 100,000 SF 239) Base Year Stop Amount: $1,000,000 240) Operating Expense Total: $1,500,000 pg. 32 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages B. $40,000 C. $46,000 D. $50,000 - Correct answer D. $50,000 255) Assume that a property's CAM expense is $50,000/Year and 60% Fixed. The Occupancy for the property is 80%. What is the Operating Expense Amount that appears on the Cash Flow? A. $30,000 B. $40,000 C. $46,000 D. $50,000 - Correct answer C. $46,000 256) In which tab would a user enter in a non-recoverable operating expense? A. Expenses - Operating B. Expenses - Non-Operating C. Expenses - Capital D. Expenses - Non-Recoverable - Correct answer A. Expenses - Operating 257) T/F An Operating Expense can have a different % Recoverable in the Expenses - Operating tab. - Correct answer True 258) T/F In the Sensitivity Analysis section, Batch Update allows a user to update a current scenario or to create a brand new one. - Correct answer True 259) In Space Absorption, if a user has 20,000 SF of vacant space and creates leases that are 6,000 SF in size, how many leases will be generated and what size will they be? pg. 35 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages A. 5 Leases; 4,000 SF each B. 4 Leases; 5,000 SF each C. 4 Leases; 3 at 6,000 SF and 1 at 2,000 SF D. 3 Leases; 6,000 SF each - Correct answer C. 4 Leases; 3 at 6,000 SF and 1 at $2,000 SF 260) T/F It is NOT possible to enter in a mid-month lease start date. - Correct answer False 261) Which of the following is NOT included in the "% Fixed" Leasing Commissions calculation? A. Base Rent B. Step Rent C. Free Rent D. CPI Rent - Correct answer D. CPI Rent 262) What does the Available Date represent in the Tenants - Rent Roll? A. The date the space is available to lease B. The date the lease is executed C. The date the lease commences - Correct answer A. The date the space is available to lease 263) In the Rent Roll, which of the following is an option from the Recovery Structure drop- down? A. None B. Net pg. 36 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages C. Fixed Amount D. All of the Above - Correct answer D. All of the Above 264) If 3 is entered in the Free Rent field in the Tenants - Rent Roll, the tenant will receive: A. 3 Months of Free Rent at the beginning of each lease year B. 3 Months of Free Rent at the beginning of the first lease year C. 1 Month of Free Rent at the beginning of each lease year for three years - Correct answer B. 3 Months of Free Rent at the beginning of the first lease year 265) In the Tenants - Rent Roll, which Market Leasing profile assumptions can be overrode by other fields? A. Renewal Probability B. Months Vacant C. Free Rent D. All of the Above - Correct answer D. All of the Above pg. 37 ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Verified | Latest Update | 34 Pages