Argus Software Certification FINAL EXAM QUESTIONS ALL VERSIONS 2024, Exams of Software Engineering

Download Argus Software Certification FINAL EXAM QUESTIONS ALL VERSIONS 2024 and more Exams Software Engineering in PDF only on Docsity! Certification Argus FINAL EXAM QUESTIONS ALL VERSIONS 2024 | LATEST AND ACCURATE REAL EXAM QUESTIONS WITH DETAILED ANSWERS | VERIFIED FOR GUARANTEED PASS | LATEST UPDATE WITH 100+ QUESTIONS Different levels of detail can be set for the Audit log in which Portfolio Application tab? a. Properties b. Portfolio Details c. Scenerios d. Audit Log - ANSWER b. Portfolio Details To change the report interval setting, click the _______ button. a. Modeling Policies b Report Tab c. Report Options d. Input - ANSWER c. Report Options Which report within Portfolio Level 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 - ANSWER c. Cash Flow Detail All of the following are options for exporting Portfolio Level Reporting EXCEPT? a. Excel b. Tiff c. PDF d. HTML - ANSWER d. HTML Once Budget and or Actuals have been imported into Argus from a 3rd party system, manual adjustments cannot be made in the Budget and or Actuals tabs. (T/F) - ANSWER True Which of the following is not a level offered within the Chart of Accounts section? a. Header b. Account c. Sub-Account d. Detail - ANSWER c. Sub-Account Which of the following is not a classification type in AE? a. System b. Property c. Region d. Tenant b. The number of months vacant entered into the assigned market leasing profile c. the blended average of the months vacant entered into the assigned market leasing profile - ANSWER a. 0 months The weighted average is 6.4 for the months vacant in a market leasing profile. How many months of downtime will occur if a tenant was set to Market upon rollover? a. 0 months b. 6 months c. 6.4 months d. 7 months - ANSWER b. 6 months Which of the following is not included in the default leasing commissions fixed % calculation? a. Base Rent b. Fixed steps c. Free rent d. Recoveries - ANSWER d. Recoveries _________ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within Argus. a. Analysis reporting b. Property cash flows c. Sensitivity Assumptions d. Portfolio Reporting - ANSWER d. Portfolio Reporting Properties can be filtered, sorted and grouped in the portfolio interface. (T/F) - ANSWER True Users can define a varying building area over time by clicking the Building Area ellipsis. (T/F) - ANSWER True The _________ tab allows users to upload numerous files to centralize the property documents. a. Property b. Area Measures c. Attachments d. Classification - ANSWER c. Attachments What is the maximum number of years an analysis length can be? a. 1 years b. 40 years c. 100 years d. There is no limit - ANSWER c. 100 year The report options button allows a user to change the print interval setting for specific reports. (T/F) - ANSWER True 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 rent roll and space absorption - ANSWER c. Both Tenants entered in rent roll and space absorption Which of the following is not a property report? a. Cash flow b. Executive summary c. Assumptions d. Tenants Summary - ANSWER d. Tenants Summary The property reports - assumption displays what information? a. Market Leasing Profile b. Inflation Rates c. General Vacancy Rates d. All of the above - ANSWER d. All of the above Which recovery would you select to enter in a tenant that pays their Net Pro Share of all expenses over a specified stop amount? a. Net b. Fixed Amount c. Fixed Amount/Area d. Stop Amount - ANSWER d. Stop Amount Base rent, fixed steps, and CPI increases all show up on their own lines on the Property Cash Flow Reports. (T/F). - ANSWER False Property level detail can be separated out in Portfolio level reports. (T/F) - ANSWER True Once a property asset type is selected it cannot be changed. (T/F) - ANSWER False The analysis begin date defaults to the current month and year. (T/F) - ANSWER True 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? a. Portfolio Details b. Scenerios c. Reports. d. Analysis - ANSWER d. Analysis What should b selected as the 'How Input' method for the revenue or expense to be based on a percentage of other cash flow items in the property? a. Amount 1 b. Sub-lines c. % of other d. Currency Amount/Vacant Area - ANSWER c. % of other CAM is $100,000 and is 50% fixed. Occupancy is 75%. What will be the actual expense on the Cash Flow for CAM? - ANSWER {(100,000 x 50% fixed) + ($100,000 x 50% variable x 75% occupied)} = 87,500 Insurance is $80,000 and is 100% fixed. Occupancy is 85%. What will be the actual expense on the Cash Flow for Insurance? - ANSWER {(80,000 x 100% fixed) + (80,000 x 0% variable x 85% occupied)} = 80,000 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? a,. Copy Across & Down b. Copy to End c. Copy to Column to End d. Column - ANSWER c. Copy Column to End The Active field allows a user to enable or disable a tenant as a reference record. Yes is included in the calculation, no is excluded - ANSWER Key Concept Leasing Commission Calculation - ANSWER LC = [((Base Rent + Step Rent - Free Rent) x YR1 LC%) +(Base Rent + Step Rent - Free Rent) x YR2 LC%) +... The default entry of 100% in the improvements/commissions timing field indicates that the entire improvements/commissions payment should occur in month one of the lease. However, the amount can be distributed across the lease term by entering the percentage to be paid each month. - ANSWER Key Concept To access the Rent Roll screen when the Input window is activated, use the shortcut key Ctrl + R - ANSWER Key Concept Blended Market Calculation - ANSWER New x (%) + Renew x (%) = Blended Market Months vacant will display as 1.5 months in the Assumptions Report, but AE will round up/down to the nearest whole month for actual downtime. - ANSWER Key Concept When calculating a Market Leasing profile with the Upon Expiration set to Renew, Enterprise _____________. a. Assumes a 0% renewal b. Takes a weighted average c. Assumes the space goes dark d. Assumes a 100% renewal - ANSWER Assumes a 100% renewal The upon expiration field within the Market Leasing profile allows us to select any overides for the past terms. (T/F) - ANSWER False Tenants can have Base, Step, Rent Review and or Outstanding Review increases applied in the Rental Income tab. - ANSWER Key Concept Fixed steps should only be entered in this field if the steps is to occur every lease anniversary at the same step amount. Any variation from that needs to be entered in the Rent Schedule by clicking Base Rent ellipsis. - ANSWER Key Concept When entering an amount n the Months Vacant Overide field, there will be no blending based upon renewal probability. Argus Enterprise will return to using the entry in the Months Vacant field in the Market Leasing profile for subsequent rollovers. - ANSWER Key Concept When in the reports tab, hitting F11 will automatically open the 'Reports Options' window specific to the report that is currently active. - ANSWER Key Concept In the Modeling Policies - General tab, there is an option to "Round Market Lease to start on the first day of the month" and this option is selected by default. A user can choose to start market leasing profile leases one day after a previous lease expires. - modifys that leases will terminate in middle of the month - ANSWER Key Concept When using % of Market for an initial lease, AE will use the new market rates for the base rent. - ANSWER Key Concept The inputs for Percentage Rent will not be available unless the Property Type is Retail or Mixed use w/ Retail. - ANSWER Key Concept When including Free Rent in the Leasing Commission calculation, is it ADDED or SUBTRACTED within the formula? - ANSWER Subtracted By default, when are leasing commissions paid within Argus? - ANSWER The first month of the first lease year What is the default Free Rent formula? - ANSWER Base Rent + Fixed Steps + CPI By default, when is free rent given within Argus? - ANSWER The first month(s) of the lease In the "Seniority" field type a number between 1 and 30 to assign a priority to a loan with covenants modeled. Seniority order is used to specify the order the loans are paid off when modeling cash sweeps. You can assign the same number to multiple loans. If you have two loans with the same seniority, then the creation order on the grid determines seniority between them. - ANSWER Key Concept The Amortize Start field allows a user to enter in either the number of months after the loan start date or a specific date in which a loan will start amortizing. With "O" entered in the field the loan will pay Interest and Principa from the start. - ANSWER Key Concept The results section in Valuation - Direct Capitalization window will display the calculated Direct Capitalization results for the property. The results will include: Net Operating Income, Occupancy Gross Up Adjustment, NOI to Capitalize, Divid by Direct Cap Rate and Direct Cap Value - ANSWER Key Concept Resale Calculation - ANSWER NOI (12 months after sale) / cap rate = gross sale price gross sale price - adjustments = net sale price The Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the __________, when using the CAP NOI - ANSWER Cap Rate A User can change the hold length for the property resale by selecting either Hold Years or a Fixed Date. (T/F). - ANSWER True Parameters for the Discount rate Change Interval on the IRR Matrix report can be changed in the ___________ tab? - ANSWER Assumptions Within the Investment tab, the _____ tab is used to calculate debt notes outside of the AE system. - ANSWER Other Debt Argus Enterprise can have different term length for Amortization and the loan. (T/F) - ANSWER True Enter other debt information into the Valuation tab. (T/F) - ANSWER False Portfolio level reporting can be exported via Microsoft Excel 2003, Microsoft Excel 2007, TIFF Image File, PDF, Microsoft Word 2003 and 2007. - ANSWER Key Concept Each time a filter is activated, the formula at the bottom of the screen is updated. To remove the filter, click the X to the left of the filter formula. (T/F) - ANSWER True _________ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within the Argus Data Warehouse. a. Property Reporting b. Analysis Reporting c. Sensitivity Reporting d. Portfolio Level Reporting - ANSWER d. Portfolio Level Reporting Sensitivity Analysis allows you to create scenarios and make edits to an individual property or all the properties within your portfolio simultaneously. (T/F). - ANSWER True Once applied, the COA cannot be changed to a different COA - ANSWER Key Concept The "External ID" is a critical identifier when linking the property to other information sources. - ANSWER Key Concept If Actual and Budget data is entered manually, further updates can be made on the data. If Actuals and Budget data are imported in from a 3rd party system, or by using XL4ADW, manual updates cannot be made - ANSWER Key Concept if the property has a purchase date prior to the analysis begin date, the begin date can be set to "Purchase Date" allowing users to display Actual values from prior to the Analysis Begin Date, if entered in the property. - ANSWER Key Concept If actuals and budget data is entered manually, further updates can be made on the data. If actuals and budget data is imported in from a 3rd party system, or by using XL4ADW, manual updates cannot be made. (T/F) - ANSWER True Actuals and budget Information can be viewed on a a. Monthly b. Quarterly c. Semi-Annually d. Annual Basis e. All the above - ANSWER e. All the above In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program.(T/F) - ANSWER True Argus enterprise merges three industry standard solutions: Argus Valuation - DCF, Argus Asset Management, and Argus Valuation - Capitalization. (T/F) - ANSWER 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 - ANSWER 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 - ANSWER 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 - ANSWER c. Assumptions Report When your resale calculation is set to Cap NOI (12 months after sale), which years NOI will be used when analyzing 6th year analysis - ANSWER 7th If 12% is a desired return, enter 12% in the________ parent tab. a. Valuation b. Cap Rate c. Investment d. Property Resale - ANSWER a. Valuation If a tenants 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 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. - ANSWER b. The Available date needs to be when the space is 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. (T/F) - ANSWER True When using an Available date that is before the Start date, the loss in potential rent (Base Rent Revenue) can be shown on which report? a. Lease Audit b. Tenant Cash Flow c. Executive Summary d. Recovery Audit - ANSWER 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 - ANSWER 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 - ANSWER d. Sales Volume - Breakpoint Additional Principal payments can be factored into the loan computations? (T/F) - ANSWER 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. Balloon c. Delete d. Mature - ANSWER b. 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. (T/F) - ANSWER Falae 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 - ANSWER d. Base Rent + Step Rent - 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 - ANSWER d. Reference Only