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) 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 17) What is the cpi inflation rate in 2024 18) relevant info from book (pg 47): 19) market rent in 2022 is 15 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 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) 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 86) resale method= capitalize NOI 87) cap rate= 6.5% 88) NOI= 784,567 89) selling costs= 3% adjusted gross - Correct answer (NOI/ cap rate) - ((NOI/ cap rate) * selling cost %) 90) (784,567/6.5%) - ((784,567/6.5%) * 3%) 91) $11,708,154 92) parameters for the discount rate change interval on the IRR matric report can be changed in the ____________ tab? - Correct answer assumptions 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. 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. 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) $0 130) Assuming a 100.0% 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 D) $13,000 131) Use the following data for question 15: 132) $60,000 in March 2021 133) Inflation 3.0% in 2019 and 2020, No Inflation after that 134) What is the Capital Expense amount that will appear on the Cash Flow? A) $60,000 B) $61,800 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? 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 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. D) Available and Lease Execution need to have the same date. - Correct answer 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. 152) Step Rent increases can be applied in the Step Rent field or in the Base Rent varies window. A) True B) False - Correct answer A) True 153) Use the following information to answer Questions 31 &32: 154) NOI: 155) 2016 - $314,227 2019 - $ 407,746 156) 2017 - $376,252 2020 - $ 415415 157) 2018 - $410,713 2021 - $ 404, 263 158) Total NOI - $2,328,617 159) Resale Cap rate of 10% 160) Adjustments of 3% 161) 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) A) $3,921,351 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 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. A) True B) False - Correct answer A) True 176) When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen. A) True B) False - Correct answer B) False 177) Different levels of detail can be set for the Audit Log in which Portfolio Application tab? A) Properties B) Portfolio Details C) Scenarios D) Audit Log - Correct answer B) Portfolio Details 178) To change the report interval setting, click the ______ button. A) Modeling Policies B) Reports Tab C) Report Options D) Input - Correct answer C) Report Options 179) Which report within Portfolio Levels 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 - Correct answer C) Cash Flow Detail 180) All of the following are options for exporting Portfolio Level Reporting EXCEPT? A) Excel 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 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 201) Calculate the Market Rent Rate in Year 2 using the following information for a tenant that is set to "Renew" in the Upon Expiration field: 202) Renewal Probability: 50% 203) Market Inflation Rate: 5% 204) New Market Rent (Year 1): $100SF/Year 205) Renewal Market Rent (Year 1): $75/SF/Year A. $75/SF/Year B. $78.75/SF/Year C. $87.50/SF/Year D. $91.88/SF/Year - Correct answer B. $78.75/SF/Year 206) If a Tenant's Upon Expiration is set to Month to Month, how many months of downtime will appear on the Tenant Cash Flow? A. 0 Months 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 - Correct answer A. 0 Months 207) 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 - Correct answer B. 6 Months 208) 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 - Correct answer D. Recoveries 209) Use the following assumptions to calculate the Percentage Rent: 210) Tenant Size: 10,000 SF 211) Building Size: 100,000 SF 212) Tenant Annual Rent: $50,000 213) Annual Sales Amount: $10,000,000 214) Sales %: 5% 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 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 A. $10,000 B. $50,000 C. $150,000 D. $500,000 - Correct answer B. $50,000 241) Calculate Tenant D's recovery amount using the following assumptions: 242) Recovery Structure: $10.00 Fixed Amount/Area 243) Tenant D Size: 10,000 SF 244) Building Area: 100,000 SF 245) Operating Expense Total: $1,500,000 A. $10,000 B. $100,000 C. $150,000 D. $500,000 - Correct answer B. $100,000 246) Which Recovery would you select to enter in a tenant that pays their Net Pro-Rate Share of all expenses over a specified stop amount? A. Net B. Fixed Amount C. Fixed Amount / Area D. Stop Amount - Correct answer D. Stop Amount 247) T/F Base Rent, Fixed Steps and CPI increases all show up on their own lines on the Property Cash Flow Report. - Correct answer False 248) T/F Property level detail can be separated out in Portfolio Level Reports. - Correct answer True 249) Calculate the Operating Expense amount that will appear on the Cash Flow from the following assumptions: 250) Expense Amount: $100,000 251) % Variable: 25% 252) Occupancy: 50% A. $100,000 B. $87,500 C. $75,000 D. $62,500 - Correct answer B. $87,500 253) To make a Revenue or Expense a blind-line item, select the ____ option. A. Non-Operating Expense B. Option C. Reference Only D. Memo Account - Correct answer C. Reference Only