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ARGUS ENTERPRISE PREP EXAM - SECTION 1
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Certification, Argus Certification Exam, Argus
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4, Real Estate Argus Question...
Which II!of II!the II!following II!are II!available II!methods II!for II!calculating II!General II!Vacancy? II!Check II!all II!that II!apply. A. II!% II!of II!Effective II!Gross II!Revenue B. II!% II!of II!Total II!Tenant II!Revenue C. II!% II!of II!Total II!Rental II!Revenue D. II!% II!of II!Potential II!Gross II!Revenue B, II!C, II!D In II!the II!Property II!Portfolios II!section II!of II!the II!File II!tab, II!existing II!properties II!within II!the II!portfolios II!are II!displayed II!in II!the II!_______________ II!pane. A. II!Scenarios B. II!Options C. II!Properties D. II!Charts C Using II!the II!information II!below, II!calculate II!the II!amount II!that II!is II!eligible II!for II!recovery II!when II!using II!Gross II!Up: II!Utilities II!Expense: II!$16,500, II!% II!Fixed: II!35%, II!% II!Occupied: II!82%, II!% II!Grossed II!Up: II!90%. A. II!$15,431. B. II!$15,550.
C. II!$15,427.
D. II!$14,569.
C
Which II!of II!the II!following II!are II!included II!in II!the II!default II!Leasing II!Commission II!calculation? II!Check II!all II!that II!apply. A. II!CPI B. II!Free II!Rent C. II!Fixed II!Steps D. II!Percentage II!Rent B,C Enter II!any II!debt II!calculated II!outside II!of II!ARGUS II!Enterprise II!on II!the II!____________ II!tab II!under II!the II!Investment II!tab. A. II!Reference II!Only B. II!Purchase II!Financing C. II!Other II!Debt D. II!Debt II!Financing C Which II!of II!the II!following II!is II!NOT II!a II!Property II!sub-tab? II!Check II!all II!that II!apply. A. II!Inflation B. II!Charts II!of II!Accounts C. II!Operating D. II!Rent II!Roll E. II!Description F. II!Area II!Measures A,C,D Percentage II!Rent II!fields II!are II!only II!available II!when II!_________ II!is II!selected II!as II!the II!property II!type. A. II!Industrial B. II!Retail II!or II!Mixed II!Use II!that II!includes II!Retail C. II!Mixed II!Use II!that II!does II!not II!include II!Retail D. II!Office
Breakpoint: II!Natural A. II!$25, B. II!$35, C. II!$833, D. II!$1,166, B When II!calculating II!a II!Market II!Leasing II!profile II!with II!the II!Upon II!Expiration II!set II!to II!Vacate, II!ARGUS II!Enterprise II!___________________. A. II!Takes II!a II!weighted II!average B. II!Assumes II!a II!100% II!renewal II!probability C. II!Assumes II!a II!0% II!renewal II!probability D. II!Assumes II!the II!space II!will II!go II!"dark" C The II!___________ II!will II!display II!what II!properties II!were II!edited II!by II!which II!users II!within II!the II!opened II!portfolio. A. II!XL4ADW B. II!Audit II!Log C. II!Sensitivity II!Reporting D. II!Analysis II!Tab B Which II!of II!the II!following II!are II!the II!three II!levels II!of II!detail II!offered II!with II!the II!Chart II!of II!Accounts?Check II!the II!three II!(3) II!that II!apply. A. II!Job II!Costs B. II!Parent/Header C. II!Revenue II!Costs D. II!Cashflow/GL II!Account A,B,D Market II!Leasing II!profiles II!serve II!two II!key II!purposes.Check II!the II!two II!purposes II!below: A. II!Creates II!a II!stabilized II!vacancy II!rate II!for II!a II!property II!and II!represents II!the II!minimum II!vacancy II!loss II!for
II!the II!property II!on II!a II!monthly II!or II!annual II!basis. B. II!Apply II!leasing II!assumptions II!to II!a II!tenant II!area II!when II!the II!current II!lease II!for II!that II!space II!expires. C. II!Setting II!up II!Space II!Absorption, II!or II!speculative II!leasing II!of II!a II!vacant II!space. D. II!Allows II!the II!user II!to II!model II!virtually II!any II!recovery II!structure II!they II!might II!encounter II!in II!a II!commercial II!real II!estate II!lease II!contract. B,C In II!the II!Tenants II!- II!Rent II!Roll II!sub-tab, II!the II!_______ II!field II!allows II!a II!user II!to II!enable II!or II!disable II!a II!tenant II!as II!a II!reference II!record. A. II!Affects II!Occupancy B. II!Reference II!Only C. II!Upon II!Expiration D. II!Active D What II!is II!the II!extension II!of II!a II!property II!asset II!file II!in II!ARGUS II!Enterprise? A. II!.AEIX B. II!.AEEX C. II!.AVUX D. II!.SF C When II!leases II!roll II!to II!the II!Market II!Leasing II!profile, II!by II!default II!the II!rents II!do II!not II!inflate II!during II!the II!rollover II!term. II!(True/False) True The II!Fixed II!Amount/Area II!Recovery II!Method II!is II!calculated II!as: A. II!The II!increases II!over II!an II!amount/area II!that II!will II!be II!paid II!by II!the II!tenant II!each II!year. B. II!The II!annual II!amount/area, II!based II!on II!Property II!Size, II!that II!will II!be II!paid II!by II!the II!tenant II!each II!year. C. II!The II!annual II!amount/area, II!based II!on II!Tenant II!Size, II!that II!will II!be II!paid II!by II!the II!tenant II!each II!year. D. II!None II!of II!the II!Above C A II!property II!can II!have II!an II!analysis II!length II!longer II!than II! 110 II!years. II!(True/False) False
Assume II!a II!NOI II!of II!$946,250, II!cap II!rate II!of II!10.5%, II!and II!a II!3% II!selling II!costs. II!Capitalize II!the II!NOI II!to II!determine II!the II!Net II!Sales II!Price. A. II!$9,011, B. II!$99, C. II!$8,741, D. II!$946, C A II!property II!with II!an II!analysis II!start II!date II!of II!January II! 2023 II!has II!Market II!Rent II!for II!both II!new II!and II!renewal II!tenants II!at II!$20.50/SF/Year. II!If II!a II!tenant II!rolls II!to II!market II!and II!a II!new II!lease II!begins II!in II!September II!2027, II!what II!rent II!would II!ARGUS II!Enterprise II!use II!for II!the II!speculative II!tenant? II!Assume II!Market II!Rent II!Inflation II!is II!4% II!beginning II!in II!the II!second II!year II!of II!the II!analysis. A. II!$23. B. II!$23. C. II!$22. D. II!$24. A The II!_______________ II!sub-tab II!allows II!users II!to II!upload II!numerous II!files II!and II!URLs II!to II!centralize II!the II!location II!of II!property II!documents. A. II!Classifications B. II!Additional C. II!Attachments D. II!Description C For II!a II!tenant II!to II!pay II!a II!specific II!amount II!for II!an II!Expense, II!select II!the II!______________ II!Recovery II!Method. A. II!Market B. II!Stop II!Amount C. II!Stop II!Amount/Area D. II!Fixed II!Amount D
Enter II!the II!Property II!Resale II!information II!in II!the II!_______________ II!tab. A. II!Valuation B. II!Investment C. II!Property D. II!Expenses A Use II!the II!following II!assumptions II!to II!calculate II!the II!General II!Vacancy II!for II!the II!property II!in II!Year II! 1 II!of II!the II!analysis II!if II!we II!are II!overriding II!Tenant II! 1 II!and II!a II!Percent II!of II!Potential II!Gross II!Revenue II!is II!the II!method II!being II!applied. II!There II!is II!no II!Absorption II!& II!Turnover II!in II!Year II!1. General II!Vacancy II!Rate: II!5%Total II!Potential II!Gross II!Revenue: II!$87,632Tenant II! 1 II!Rental: II!$42,330Tenant II! 1 II!Override II!%: II!0% A. II!$2, B. II!$3, C. II!$1, D. II!None II!of II!the II!Above A Within II!ARGUS II!Enterprise, II!it II!is II!possible II!to II!copy II!items II!from II!Excel II!into II!AE. This II!is II!a II!single II!choice II!question. II!Selections II!are II!automatically II!selected II!as II!you II!use II!arrow II!to II!move. II!(True/False) True When II!entering II!an II!Available II!Date II!prior II!to II!the II!StartII!Date II!on II!the II!Rent II!Roll II!tab, II!AE II!assumes_______________________________. A. II!The II!space II!is II!occupied II!until II!the II!Start II!Date. B. II!The II!space II!is II!available, II!but II!vacant II!until II!the II!Start II!Date. C. II!The II!space II!does II!not II!exist II!until II!the II!Start II!Date. D. II!None II!of II!the II!Above B How II!is II!Total II!Rental II!Revenue II!calculated? A. II!Total II!Tenant II!Revenue II!+ II!Total II!Other II!Income B. II!Scheduled II!Base II!Rent II!+ II!CPI II!Increases
Any II!type II!of II!item II!can II!be II!added II!in II!as II!a II!Miscellaneous II!Rent II!if II!they II!are II!directly II!related II!to II!the II!tenant. II!(True/False) True Entering II!in II!a II!property II!address II!will II!allow II!a II!user II!to II!access II!a II!map II!of II!the II!location II!in II!AE. II!(True/False) False To II!change II!the II!Report II!Print II!Interval II!setting, II!click II!the II!__________ II!button. A. II!Input B. II!Modeling II!Policies C. II!Page II!Setup D. II!Report II!Options D The II!Present II!Value II!tab II!allows II!us II!to II!enter II!in II!a II!separate II!discount II!rate II!for II!the II!Leveraged II!and II!Unleveraged II!Cash II!Flow II!as II!well II!as II!the II!Leveraged II!and II!Unleveraged II!Resale II!Rate. II!(True/False) True The II!_________ II!option II!will II!allow II!a II!user II!to II!view II!and II!change II!the II!options II!used II!for II!data II!entry II!and II!calculations II!in II!this II!property II!model. A. II!Control II!Panel B. II!Portfolio II!Details C. II!Modeling II!Policies D. II!Report II!Options C A II!Portfolio II!may II!have II!_______ II!Chart II!of II!Accounts II!applied II!at II!a II!time. A. II!One B. II!Two C. II!Three D. II!Unlimited A What II!is II!the II!calculation II!for II!the II!Natural II!Breakpoint II!for II!Percentage II!Rent?
A. II!Volume II!- II!Chargeable II!Sales B. II!Base II!Rent II!x II!Sales II!Percentage C. II!Base II!Rent II!/ II!Sales II!Percentage D. II!Chargeable II!Sales II!x II!Sales II!Percentage C Once II!a II!Property II!Asset II!Type II!is II!selected II!it II!cannot II!be II!changed II!T/F? False The II!Analysis II!Begin II!date II!defaults II!to II!the II!current II!Month II!and II!Year II!T/F? True Which II!section II!in II!the II!Navigation II!Pane II!allows II!users II!to II!update II!a II!variety II!of II!different II!settings II!ranging II!from II!Managing II!Users II!to II!Data II!Import II!Validation II!Rules II!to II!Report II!Settings? A) II!Property II!Portfolios B) II!Global II!Categories C) II!Help D) II!Control II!Panel D Which II!of II!the II!Portfolio II!Application II!Tabs II!is II!best II!described II!by II!the II!following II!statement? II!This II!application II!allowsII!users II!to II!create II!and II!view II!analytical II!charts II!and II!graphs II!based II!on II!a II!combination II!of II!properties II!from II!the II!portfolio? A) II!Portfolio II!Details B) II!Scenarios C) II!Reports D) II!Analysis D What II!is II!the II!extension II!of II!a II!property II!asset II!file II!in II!ARGUS II!Enterprise? A) II!.sf b) II!.avux C) II!.aeex D) II!.aeix B
B) II!Copy II!to II!End C) II!Copy II!Column II!to II!End D) II!Column C Market II!rent II!is II!$15.00 II!/ II!SF II!/ II!Year II!in II!2020. What II!is II!the II!Market II!Rent II!in II! 2023 II!(2021 II!5% II!Inf., II! 2022 II!5% II!Inf., II! 2023 II!3% II!Inf.)? A) II!17. B) II!17. C) II!17. D) II!17. B When II!calculating II!a II!Market II!Leasing II!profile II!with II!the II!Upon II!Expiration II!set II!to II!Renewal, II!Enterprise II!__________. A) II!Assumes II!a II!0% II!Renewal. B) II!Takes II!a II!weighted II!average C) II!Assumes II!the II!space II!goes II!dark. D) II!Assumes II!a II!100% II!renewal. D The II!Upon II!Expiration II!field II!within II!the II!Market II!Leasing II!profile II!allows II!us II!to II!select II!any II!overrides II!for II!past II!terms II!T/F? False When II!you II!have II!a II!one-time II!increase, II!or II!an II!increase II!that II!happens II!at II!different II!increments II!or II!times, II!utilize II!the II!Fixed II!Steps II!Unit II!Column II!T/F? B When II!entering II!an II!Available II!Date II!prior II!to II!the II!StartII!Date II!within II!the II!Rent II!Roll, II!ARGUS II!Enterprise II!will II!assume: A) II!The II!space II!isII!not II!available II!until II!the II!start II!date B) II!The II!space II!is II!available, II!but II!vacant II!until II!the II!Start II!Date.
C) II!The II!space II!is II!occupied II!until II!the II!Start II!Date D) II!None II!of II!the II!Above. B The II!Analysis II!Start II!Date II!is II!January II!2020. II!A II!tenant's II!lease II!start II!date II!isII!Match II!2020. II!If II!we II!want II!to II!show II!the II!Lost II!Absorption II!/ II!Turnover II!Rent II!for II!this II!tenant, II!what II!would II!be II!entered II!in II!the II!following II!fields? Available II!Date II!Field: II!______ Start II!Date II!Field: II!______ Available: II!Jan II! 2020 Start: II!March II! 2020 The II!Lost II!Absorption II!/ II!Turnover II!Rent II!being II!reported II!for II!the II!months II!prior II!to II!a II!lease II!start II!will II!appear II!on II!the II!individual II!Tenant II!Cash II!Flow II!/ II!LPV II!report II!T/F? False The II!General II!Vacancy II!calculation II!frequency II!can II!be II!monthly II!or II!annually II!T/F? True Calculate II!Utilities II!expense, II!using II!the II!following II!assumptions II!____.
- II!Property II!size II!= II!35,000 II!SF
- II!Utilities II!Expense II!= II!$0.15 II!/ II!SF II!/ II!Year, II!35.0% II!Fixed
- II!Occupancy II!= II!80.% $4,567. Assume II!that II!property's II!CAM II!expense II!is II!$30,000 II!per II!year II!and II!60.0% II!fixed. II!The II!occupancy II!of II!the II!property II!is II!70.0%. II!What II!value II!should II!be II!entered II!in II!the II!Amount1 II!field II!in II!the II!Operating II!tab? II!________. $30, Assume II!that II!property's II!CAM II!expense II!is II!$30,000 II!per II!year II!and II!60.0% II!fixed. II!The II!occupancy II!of II!the II!property II!is II!70.0% II!and II!reimbursable II!expenses II!are II!grossed II!up II!to II!100.0%. II!What II!is II!the II!operating II!expense II!amount II!that II!will II!appear II!on II!the II!Cash II!Flow II!Report? II!_____. $26,
B) II!11,167,
C) II!11,178,
D) II!11,173,
A
Parameters II!for II!the II!Discount II!Rate II!Change II!Interval II!on II!the II!IRR II!Matrix II!report II!can II!be II!changed II!in II!the II!______ II!tab? Assumptions Within II!the II!Investment II!tab, II!the II!_____ II!tab II!is II!used II!to II!calculate II!debt II!notes II!outside II!the II!AE II!system. Other II!Debt ARGUS II!Enterprise II!can II!be II!different II!term II!length II!for II!Amortization II!and II!the II!Loan II!T/F? True Enter II!Other II!Debt II!information II!into II!the II!Valuation II!tab II!T/F? False Argus II!Enterprise II!merges II!three II!industry II!standard II!solutions: II!ARGUS II!Valuation-DCF, II!ARGUS II!Asset II!Management, II!and II!ARGUS II!Valuation-Capitalization II!T/F? True In II!ARGUS II!Enterprise II!you II!can II!utilize II!shortcut II!keyboard II!commands II!to II!navigate II!within II!certain II!sections II!of II!the II!program II!T/F? True In II!AE< II!a II!user II!can II!add II!over II! 100 II!properties II!into II!a II!portfolio II!T/F? True Which II!is II!a II!benefit II!to II!utilizing II!a II!Chart II!of II!Accounts? A) II!Easier II!to II!track II!Revenues/Expenses. B) II!Standardizes II!portfolio II!for II!names II!of II!all II!Expenses/Revenues. C) II!Helps II!with II!accounting II!system II!integrations D) II!All II!the II!above D In II!ARGUS II!Enterprise, II!you II!can II!only II!assign II!one II!ChartII!of II!Accounts II!to II!a II!PortfolioII!T/F?
True The II!Discard II!Changes II!option II!will II!discard II!only II!the II!last II!change II!you II!have II!made II!to II!the II!property II!record II!T/F? False Only II!users II!with II!appropriate II!permissions II!can II!access II!all II!the II!features II!in II!the II!Control II!Panel II!T/F? True To II!lock II!down II!a II!specific II!property II!and II!restrict II!who II!can II!edit II!it, II!click II!the II!____ II!button II!located II!in II!the II!ARGUS II!Enterprise II!Ribbon II!bar. A) II!Modeling II!Policies B) II!Calculate II!As C) II!Check II!Out II!Property D) II!Details C You II!can II!import II!and/or II!export II!v15 II!DCF II!files II!from II!ARGUS II!Enterprise II!T/F? True The II!Expense II!Inflation II!Rate II!will II!be II!the II!default II!percentage II!for: A) II!Operating II!Expenses B) II!Non-operating II!Expenses C) II!Capital II!Expenses D) II!All II!the II!above D Every II!inflation II!category II!must II!be II!given II!a II!number II!or II!it II!will II!default II!to II!the II!General II!Inflation II!Rate II!T/F? False Free II!Rent II!by II!default, II!kicks II!in II!at II!the II!beginning II!of II!the II!___. A) II!Analysis II!Date B) II!Tenant's II!Lease II!Start II!Date C) II!Tenant's II!Lease II!Available II!Date D) II!None II!of II!the II!Above
A) II!Market II!Pricing II!Report B) II!Calculation II!Review II!Details II!Report C) II!Assumptions II!Report D) II!None II!of II!the II!above C When II!you II!resale II!calculation II!is II!set II!to II!CAP II!NOI II!(12 II!months II!after II!sale), II!which II!year's II!NOI II!will II!be II!used II!when II!analyzing II!a II! 6 - year II!analysis? A) II!1st B) II!5th C) II!6th D) II!7th D If II!12% II!is II!a II!desired II!return, II!enter II!12% II!in II!the II!____ II!parent II!tab. A) II!Valuation B) II!Cap II!Rate C) II!Investment D) II!Property II!Resale A If II!a II!tenant's II!space II!is II!available II!but II!sitting II!vacant II!before II!they II!move II!in II!and II!you II!want II!to II!show II!that II!vacancy II!on II!reports, II!whatII!do II!you II!need II!to II!enter II!in II!for II!the II!lease II!dates? A) II!Enter II!the II!same II!date II!in II!the II!Available II!and II!Start II!Date II!fields B) II!The II!available II!date II!needs II!to II!be II!when II!the II!space II!is II!available II!and II!the II!Start II!date II!needs II!to II!be II!when II!the II!tenant's II!lease II!begins. C) II!Lease II!Execution II!needs II!to II!be II!the II!same II!date II!as II!the II!Lease II!Start D) II!Available II!and II!Lease II!Execution II!need II!to II!have II!the II!same II!date B Step II!Rent II!increases II!can II!be II!applied II!in II!the II!Step II!RentII!field II!or II!in II!the II!Base II!rent II!varies II!window II!T/F? True When II!using II!an II!Available II!date II!that II!is II!before II!the II!Start II!date, II!the II!loss II!in II!potential II!rent II!(Base II!Rental II!Revenue) II!can II!be II!shown II!on II!which II!report?
A) II!Lease II!Audit B) II!Tenant II!Cash II!Flow C) II!Executive II!Summary D) II!Recovery II!Audit A _____ II!isII!used II!in II!retail II!properties II!where II!tenants II!are II!expected II!to II!pay II!a II!percentage II!of II!their II!sales II!to II!the II!property II!owner. A) II!CPI B) II!Percentage II!Rent C) II!Step II!Rent D) II!None II!of II!the II!Above B What II!is II!the II!default II!calculation II!formula II!for II!Chargeable II!Sales? A) II!Base II!rent II!/ II!Sales% B) II!Chargeable II!Sales II!x II!Sales% C) II!Sales% II!x II!Sales II!volume D) II!Sales II!volume II!- II!Breakpoint D Calculate II!the II!General II!Vacancy II!Rate II!loss II!using II!the II!following II!assumptions:
- Potential II!Gross II!Revenue: II!$800,
- Absorption II!and II!Turnover II!Vacancy: II!$20,
- Calculation: II!5% II!of II!Potential II!Gross II!Revenue A) II!$20, B) II!$21, C) II!$40, D) II!$41, B Additional II!principal II!payments II!can II!be II!factored II!into II!the II!loan II!computations?II!T/F? True
