Davis Meyer
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Davis Meyer
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Argus Review Questions

Question 1 of 77

1

Once Budget and/or Actuals have been imported into AE from a 3rd party system, manual adjustments cannot be made in the budget and/or actuals tabs.

Select one of the following:

  • True
  • False

Explanation

Question 2 of 77

1

Which of the following is NOT a level offered within the Charts of Accounts section?

Select one of the following:

  • Header

  • Account

  • Sub-Account

  • Detail

Explanation

Question 3 of 77

1

Which of he following is NOT a classification type in AE?

Select one of the following:

  • System

  • Property

  • Region

  • Tenant

Explanation

Question 4 of 77

1

Users in ARGUS Enterprise can have permissions assigned to them at the Portfolio, Scenario, and Property Level.

Select one of the following:

  • True
  • False

Explanation

Question 5 of 77

1

Which General Vacancy calculation is found by adding the Total Tenant Revenue + Total Other income?

Select one of the following:

  • Annual Amount

  • % of Potential Gross revenue

  • % Total Rental Revenue

  • % of Total Tenant Revenue

Explanation

Question 6 of 77

1

Both positive and negative inflation rates can be entered into Argus Enterprise.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 77

1

Which valuation tabs primary purpose is to determine the current value of the property?

Select one of the following:

  • Assumptions

  • Direct Capitalization

  • Property Resale

  • Present Value

Explanation

Question 8 of 77

1

It is possible to have multiple Property Resale Calculations active for a single property

Select one of the following:

  • True
  • False

Explanation

Question 9 of 77

1

Calculate the Property Resale value of a building with:

Analysis Length: 5-years
Calc Method: CAP NOI (12 MONTHS AFTER SALE)
Year 5 NOI: $750,000
Year 6 NOI: $1,000,000
Cap rate: 5%

Select one of the following:

  • $37,500

  • $50,000

  • $15,000,000

  • $20,000,000

Explanation

Question 10 of 77

1

Only one debt note can be entered in ARGUS Enterprise.

Select one of the following:

  • True
  • False

Explanation

Question 11 of 77

1

If the analysis is 10 years long and you have a 30-year debt note, when will it balloon?

Select one of the following:

  • 10

  • 11

  • 15

  • 30

Explanation

Question 12 of 77

1

When calculating a market leasing profile with the ups expiration set to Vacate, ARGUS Enterprise will________?

Select one of the following:

  • assume a 0% renewal probability

  • assume a 100% renewal probability

  • Assume the space goes dark and reabsorbs the area

  • ignores the market leasing profile and insets a new contract lease line

Explanation

Question 13 of 77

1

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 rental rates for market rents, tenant improvements, leasing commissions, etc)?

Select one of the following:

  • market

  • renew

  • option

  • month to month

Explanation

Question 14 of 77

1

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 rate are $20/SF and rental TI rates are $10/SF?

Select one of the following:

  • $10SF

  • $14SF

  • $15SF

  • $20SF

Explanation

Question 15 of 77

1

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:

Renewal probability; 50%
Market inflation rate; 5%
New market rent Y1; $100/SF
Renewal market rent Y1; $75/SF

Select one of the following:

  • $75

  • $78.75

  • $87.50

  • $91.88

Explanation

Question 16 of 77

1

If a tenants upon expiration is set to month to month, how many months of downtime will appear on the tenants cash flow?

Select one of the following:

  • the number of months vacant entered into the assigned market leasing profile

  • 0 months

  • the banded average of the months vacant entered into the assigned market leasing profile

Explanation

Question 17 of 77

1

Which of the following is nOT included in the default leasing commissions fixed % calculation?

Select one of the following:

  • fixed steps

  • base rent

  • recoveries

  • free rent

Explanation

Question 18 of 77

1

Use the following assumptions to calculate the percentage rent:
tenant size: 10,000SF
Building size: 100,000SF
Tenant annual rent: $50,000
Annual sales amount: $10,000,000
Sales %: 5%
Breakpoint:zero

Select one of the following:

  • 50,000

  • 450,000

  • 500,000

  • 1,000,000

Explanation

Question 19 of 77

1

_______ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within ARGUS Enterprise

Select one of the following:

  • analysis reporting

  • property cash flows

  • sensitivity assumptions

  • portfolio reporting

Explanation

Question 20 of 77

1

Properties can be filtered, sorted and grouped in the portfolio interface

Select one of the following:

  • True
  • False

Explanation

Question 21 of 77

1

User can define a varying building area over time by clicking the building ellipsis.

Select one of the following:

  • True
  • False

Explanation

Question 22 of 77

1

The _____ tab allows user to upload numerous files to centralize the property documents.

Select one of the following:

  • area measures

  • property

  • attachments

  • classifications

Explanation

Question 23 of 77

1

The report options button allows a user to change the print interval setting for specific reports.

Select one of the following:

  • True
  • False

Explanation

Question 24 of 77

1

The tenants reports - lease summary displays the following:

Select one of the following:

  • only tenants entered in the rent roll

  • only tenants entered in space absorption

  • both tenants entered in the rent roll and space absorption

Explanation

Question 25 of 77

1

Which of the following is not a property report?

Select one of the following:

  • tenant summary

  • executive summary

  • assumptions

  • cash flow

Explanation

Question 26 of 77

1

The property reports - assumptions displays what information?

Select one of the following:

  • general vacancy rates

  • inflation rates

  • market leasing profiles

  • AOB

Explanation

Question 27 of 77

1

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?

Select one of the following:

  • fixed amount

  • stop amount

  • net

  • fixed amount / area

Explanation

Question 28 of 77

1

Base rent, fixed steps, and CPI increases all show up on their own lines on the property cash flow report.

Select one of the following:

  • True
  • False

Explanation

Question 29 of 77

1

Property level detail can be separated out in portfolio level reports

Select one of the following:

  • True
  • False

Explanation

Question 30 of 77

1

To make a revenue or expense a blind-line item, select the _____ option.

Select one of the following:

  • option

  • reference only

  • memo account

  • non-operating expense

Explanation

Question 31 of 77

1

Assume that a property CAM expense is $50,000/Year and 60% fixed. The occupancy for the property is 80%. What is the operating expense amount that you enter in the Operating expense tab?

Select one of the following:

  • 30,000

  • 40,000

  • 50,000

  • 46,000

Explanation

Question 32 of 77

1

Assume that a property CAM expense is $50,000/Year and 60% fixed. The occupancy for the property is 80%. What is the operating expense amount that you enter in the Cash flow?

Select one of the following:

  • 30,000

  • 46,000

  • 40,000

  • 50,000

Explanation

Question 33 of 77

1

in which tab would a user enter in a non-recoverable operating expense?

Select one of the following:

  • Expenses- operating

  • expenses-non operating

  • expenses - capital

  • expenses - non-recoverable

Explanation

Question 34 of 77

1

An operating expense can have a different % recoverable in the expenses - operating tab that it does in an expense group.

Select one of the following:

  • True
  • False

Explanation

Question 35 of 77

1

In the sensitivity analysis section, Batch update allows a user to update a current scenario or to create a brand new one.

Select one of the following:

  • True
  • False

Explanation

Question 36 of 77

1

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?

Select one of the following:

  • 5 leases: 4,000 SF each

  • 4 leases: 5,000 SF each

  • 4 leases: 3 at 6,000SF and 1 at 2,000SF

  • 3 leases: 6,000 SF each

Explanation

Question 37 of 77

1

It is NOT possible to enter in a mid-month lease start date.

Select one of the following:

  • True
  • False

Explanation

Question 38 of 77

1

Which of the following is NOT included in the % fixed leasing commissions calculation?

Select one of the following:

  • free rent

  • CPI rent

  • base rent

  • step rent

Explanation

Question 39 of 77

1

What does the available date represent in the tenants - rent roll?

Select one of the following:

  • the date the lease commences

  • the date the lease is executed

  • the date the space is available to lease

Explanation

Question 40 of 77

1

In the rent roll, which of the following is an option from the recovery structure drop down?

Select one of the following:

  • fixed amount

  • none

  • net

  • AOB

Explanation

Question 41 of 77

1

If 3 is entered in the free rent field in the tenants - rent roll, the tenant will receive?

Select one of the following:

  • 1 month of free rent at the beginning of each lease year for three years

  • 3 months of free rent at the beginning of the first lease year

  • 3 months of free rent t the beginning of each lease year

Explanation

Question 42 of 77

1

In the tenants rent roll, which market leasing profile assumptions can be overrode by other fields?

Select one of the following:

  • months vacant

  • free rent

  • rental probability

  • Non of above

  • AOB

Explanation

Question 43 of 77

1

ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation-DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalization.

Select one of the following:

  • True
  • False

Explanation

Question 44 of 77

1

In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program.

Select one of the following:

  • True
  • False

Explanation

Question 45 of 77

1

Which is a benefit to utilizing a chart of accounts?

Select one of the following:

  • easier to track revenues/expenses

  • standardizes portfolio for names of all expenses/revenues

  • helps with accounting system integration

  • AOB

Explanation

Question 46 of 77

1

In ARGUS Enterprise, you can only assign one chart of accounts to a portfolio

Select one of the following:

  • True
  • False

Explanation

Question 47 of 77

1

Only users with appropriate permissions can access all the feature sin the control panel.

Select one of the following:

  • True
  • False

Explanation

Question 48 of 77

1

To lock down a specific property and restrict who can edit it, click the ______ button located in the ARGUS Enterprise ribbon bar.

Select one of the following:

  • modeling policies

  • calculate as

  • check out property

  • details

Explanation

Question 49 of 77

1

You cannot import and/or export v15 DCF files from ARGUS Enterprise.

Select one of the following:

  • True
  • False

Explanation

Question 50 of 77

1

The expense inflation rate will be the default percentage for:

Select one of the following:

  • operating expenses

  • non operating expenses

  • capital expenses

  • all above

  • non above

Explanation

Question 51 of 77

1

Every inflation rate category must be given a number, or it will default to the general inflation.

Select one of the following:

  • True
  • False

Explanation

Question 52 of 77

1

Free rent, by default, kicks in at the beginning of the?

Select one of the following:

  • tenants lease available date

  • analysis date

  • tenants lease start date

  • none above

Explanation

Question 53 of 77

1

What is the default recovery structure in ARGUS Enterprise?

Select one of the following:

  • net

  • base year stop

  • fixed amount

  • step rent

  • all above

Explanation

Question 54 of 77

1

The available date column in the tenants rent roll represents the start of the tenants lease.

Select one of the following:

  • True
  • False

Explanation

Question 55 of 77

1

By default, tenant improvements and leasing commissions are paid t the start of the tenants lease.

Select one of the following:

  • True
  • False

Explanation

Question 56 of 77

1

The upon expiration field within the market leasing profile allows user to select a different market leasing profile to be used after the first market leasing term is over.

Select one of the following:

  • True
  • False

Explanation

Question 57 of 77

1

Contract renewal:

Select one of the following:

  • insets a new contract lease into the rent roll

  • utilizes the renew market leasing profile terms

  • utilizes the new market leasing profile terms

  • none above

Explanation

Question 58 of 77

1

Which report displays new market, rental market and weighted average results?

Select one of the following:

  • calculation review details report

  • assumptions report

  • market pricing report

  • none of above

Explanation

Question 59 of 77

1

The inflation rates are displayed on which report?

Select one of the following:

  • market pricing

  • property summary

  • lease audit

  • cash flow

Explanation

Question 60 of 77

1

When your resale calculation is set to CAP NOI 12 months after sale, which years nOI will be used when analyzing a 6-year analysis?

Select one of the following:

  • 7th

  • 5th

  • 4th

  • 6th

Explanation

Question 61 of 77

1

If 12% is a desired return, enter 12% in the _____ parent tab

Select one of the following:

  • cap rate

  • property resale

  • investment

  • valuation

Explanation

Question 62 of 77

1

If a tenants pace is available, but sitting vacant before they move in and you want to show that vacant on report, what do you need to enter in the for the lease dates?

Select one of the following:

  • available and lease execution need to have the same date

  • enter the same date in the available and start date fields

  • lease execution needs to be the same as the lsat start date

  • the available date needs to be when the space is available and the start date needs to be wen the tenants lease begins

Explanation

Question 63 of 77

1

step rent increases can be applied in the step rent field or in the base rent varies window

Select one of the following:

  • True
  • False

Explanation

Question 64 of 77

1

When using an available date that is before the start date, the loss in potential rent can be shown on which report?

Select one of the following:

  • recovery audit

  • lease audit

  • tenant cash flow

  • executive summary

Explanation

Question 65 of 77

1

What is the default calculation formula for charitable sales?

Select one of the following:

  • sales volume - breakpoint

  • chargeable sales x sales%

  • base rent / sales %

  • sales % x sales volume

Explanation

Question 66 of 77

1

Additional principal payments can be factored into the loan computations.

Select one of the following:

  • True
  • False

Explanation

Question 67 of 77

1

While running a 5-year analysis on a property wit a 30-year debt note in AE, the note will ____ at the end of the projection?

Select one of the following:

  • delte

  • mature

  • amortize

  • balloon

Explanation

Question 68 of 77

1

After changing the modeling policy for gross ups, any recovery structure already created will default to the gross sup percent in the dueling policies window.

Select one of the following:

  • True
  • False

Explanation

Question 69 of 77

1

The default formula for leasing commissions is?

Select one of the following:

  • base rent + step rent + free rent - CPI

  • Base rent + step rent - free rent

  • Base rent + CPI

  • Base rent + CPI - step rent

Explanation

Question 70 of 77

1

The percentage of the expense the tis eligible to be recovered can be altered for the entire property within the expense tab.

Select one of the following:

  • True
  • False

Explanation

Question 71 of 77

1

Months vacant overrides will only affect the first rollover and there will be no blending based upon the renewal probability.

Select one of the following:

  • True
  • False

Explanation

Question 72 of 77

1

The batch update allows a user to model several changes simultaneously instead of performing each individual adjustment.

Select one of the following:

  • True
  • False

Explanation

Question 73 of 77

1

When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen.

Select one of the following:

  • True
  • False

Explanation

Question 74 of 77

1

Different levels of detail can be set for the Audi log in which portfolio application tab?

Select one of the following:

  • audit log

  • portfolio details

  • scenarios

  • properties

Explanation

Question 75 of 77

1

To change the report interval setting, click the ___ button.

Select one of the following:

  • input

  • modeling policies

  • report options

  • reports tab

  • none of the above

Explanation

Question 76 of 77

1

Which report within portfolio level reports will show individual property information that make sup the selected cash flow totals?

Select one of the following:

  • cash flow detail

  • cash flow comparison

  • dashboard

  • cash flow

Explanation

Question 77 of 77

1

all of the following are options for exporting portfolio level reporting except?

Select one of the following:

  • Excel

  • HTML

  • PDF

  • Tiff

Explanation

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