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2025-2026 ARGUS ENTERPRISE CERTIFICATION EXAM REVIEW|255 QUESTIONS & ANSWERS|A+GRADE
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1 - (T/F) Once a property asset type is selected it cannot be changed - ANS:-
False. In the DCF version you cant but in enterprise the asset type CAN be changed after its created 1 - (T/F) The analysis begin date defaults to the current month and year - ANS:->>>True. and 100 years is the longest analysis period 1 - 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? - ANS:->>>control panel 1 - 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 - ANS:- analysis 2 - What is the extension of a property asset file in argus enterprise? - ANS:- .avux 2 - saves the updates to the property asset model to the database. If a calculation has been performed, it also saves the latest calculation results - ANS:->>>save property (you do this under property view) 2 - 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? - ANS:- % of other. example- management fee as % of effective gross revenue 2 - 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? - ANS:->>>A. 100,000 B. 87, work for B: (expense amount* % fixed) + (expense amount * % variable * % occupied) (100,000 * .5) + (100,000 * .5 * .75) = 87, 2 - 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? - ANS:->>>A. 80,000 B. 80, 2 - 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?
sales volume - breakpoint * sales % 950,000- ( (245013)/4 ) 4% $ 4 - The % of total rental revenue method is calculated by taking the scheduled base rent + - ANS:->>>CPI Increases 4 - (T/F) The general vacancy calculation frequency can be monthly or annually - ANS:->>>true 4 - What is the general vacancy for this building? info from pg 89:
potential gross revenue: 9,600,000 absorption & turnover vacancy: 230,000 5% general vacancy - ANS:-
261, work: (pgr + absorption & turnover) * vacancy rate - absorption and turnover (9600000 + 230000) * 5% - 230, 261, 5 - Calculate the utilities expense, using the following assumptions property size= 35,000 SF utilities expense= 0.15/sf/year --> 35% fixed occupancy= 80% - ANS:->>>(expenses * fixed%) + (expenses * variable % * occupancy %) ((35,000 * .15) * .35) + ((35,000 * .15)
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? info: tenant A size= 20,000 property size= 25, total opex 2016= 404, res taxes 2016= 80, total opex 2017= 466, res taxes 2017= 82,400 - ANS:->>>((2017 total opex- res taxes) - (2016 total opex - res taxes)) * (tenant size/ property size) (466109-82400) - (404703-80000) * (20,000/25,000) =47,204. 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? info: 2018 total opex= 482,710 tenant A size= 20, property size= 25,000 - ANS:->>> 2018 total opex * (tenant size/ property size) 482,710 * (20,000/25,000) 386,168. 6 - (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 - ANS:->>>true
6 - when including free rent in the leasing commission calculation, is it added or subtracted within the formula? - ANS:->>>subtracted
the loan - ANS:->>>true
7 - (T/F) Enter other debt information into the valuations tab - ANS:->>>false 8 - (T/F) Each time a filter is activated, the formula at the bottom of the screen is updates. to remove the filter, click the X to the left of the filter formula - ANS:-
true 9 - is a solution for consolidating and reporting property, tenant, portfolio and scenario information contained within the Argus data warehouse - ANS:->>>portfolio level reporting 9 - (T/F) Sensitivity analysis allows you to create scenarios and make edits to an individual property or all the properties within your portfolio simultaneously - ANS:->>>true 10 - (T/F) 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 third (3rd) party system, or by using XL4ADW, manual updates cannot be made - ANS:->>>true 10 - actuals and budget information can be viewed on a: - ANS:->>>all of the above!
B) False - ANS:->>>A) True In AE, a user can add over 100 properties into a portfolio. A) True B) False - ANS:->>>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 - ANS:->>>D) All of the Above In ARGUS Enterprise, you can only assign one Chart of Accounts to a Portfolio. A) True B) False - ANS:->>>A) True The Discard Changes option will discard only the last change you have made to the property record. A) True B) False - ANS:->>>B) False Only users with appropriate permissions can access all of the features in the Control Panel. A) True B) False - ANS:->>>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 - ANS:->>>C) Check out property You can import and/or export v15 DCF files from ARGUS Enterprise. A) True B) False - ANS:->>>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 - ANS:->>>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 - ANS:->>>B) False Use the Following Data For Questions 12 - 14: Inflation 3.5%
$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 - ANS:->>>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 - ANS:->>>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 - ANS:->>>B) Net The Available Date column in the Tenants - Rent Roll, represents the start of the tenant's lease. A) True B) False - ANS:->>>B) False By default, Tenant Improvements and Leasing Commissions are paid at the start of the tenant's lease.
C) Assumptions Report
D) None of the Above. - ANS:->>>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 - ANS:->>>D) 7th If 12% is a desired return, enter 12% in the parent tab. A) Valuation B) Cap Rate C) Investment D) Property Resale - ANS:->>>A) Valuation Use the Following to answer questions 26 - 28: (See Page 265 of AE Manual for data)