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.
Which of the following is NOT a level offered within the Charts of Accounts section?
Header
Account
Sub-Account
Detail
Which of he following is NOT a classification type in AE?
System
Property
Region
Tenant
Users in ARGUS Enterprise can have permissions assigned to them at the Portfolio, Scenario, and Property Level.
Which General Vacancy calculation is found by adding the Total Tenant Revenue + Total Other income?
Annual Amount
% of Potential Gross revenue
% Total Rental Revenue
% of Total Tenant Revenue
Both positive and negative inflation rates can be entered into Argus Enterprise.
Which valuation tabs primary purpose is to determine the current value of the property?
Assumptions
Direct Capitalization
Property Resale
Present Value
It is possible to have multiple Property Resale Calculations active for a single property
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%
$37,500
$50,000
$15,000,000
$20,000,000
Only one debt note can be entered in ARGUS Enterprise.
If the analysis is 10 years long and you have a 30-year debt note, when will it balloon?
10
11
15
30
When calculating a market leasing profile with the ups expiration set to Vacate, ARGUS Enterprise will________?
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
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)?
market
renew
option
month to month
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?
$10SF
$14SF
$15SF
$20SF
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
$75
$78.75
$87.50
$91.88
If a tenants upon expiration is set to month to month, how many months of downtime will appear on the tenants cash flow?
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
Which of the following is nOT included in the default leasing commissions fixed % calculation?
fixed steps
base rent
recoveries
free rent
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
50,000
450,000
500,000
1,000,000
_______ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within ARGUS Enterprise
analysis reporting
property cash flows
sensitivity assumptions
portfolio reporting
Properties can be filtered, sorted and grouped in the portfolio interface
User can define a varying building area over time by clicking the building ellipsis.
The _____ tab allows user to upload numerous files to centralize the property documents.
area measures
property
attachments
classifications
The report options button allows a user to change the print interval setting for specific reports.
The tenants reports - lease summary displays 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
Which of the following is not a property report?
tenant summary
executive summary
assumptions
cash flow
The property reports - assumptions displays what information?
general vacancy rates
inflation rates
market leasing profiles
AOB
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?
fixed amount
stop amount
net
fixed amount / area
Base rent, fixed steps, and CPI increases all show up on their own lines on the property cash flow report.
Property level detail can be separated out in portfolio level reports
To make a revenue or expense a blind-line item, select the _____ option.
reference only
memo account
non-operating expense
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?
30,000
40,000
46,000
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?
in which tab would a user enter in a non-recoverable operating expense?
Expenses- operating
expenses-non operating
expenses - capital
expenses - non-recoverable
An operating expense can have a different % recoverable in the expenses - operating tab that it does in an expense group.
In the sensitivity analysis section, Batch update allows a user to update a current scenario or to create a brand new one.
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?
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
It is NOT possible to enter in a mid-month lease start date.
Which of the following is NOT included in the % fixed leasing commissions calculation?
CPI rent
step rent
What does the available date represent in the tenants - rent roll?
the date the lease commences
the date the lease is executed
the date the space is available to lease
In the rent roll, which of the following is an option from the recovery structure drop down?
none
If 3 is entered in the free rent field in the tenants - rent roll, the tenant will receive?
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
In the tenants rent roll, which market leasing profile assumptions can be overrode by other fields?
months vacant
rental probability
Non of above
ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation-DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalization.
In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program.
Which is a benefit to utilizing a chart of accounts?
easier to track revenues/expenses
standardizes portfolio for names of all expenses/revenues
helps with accounting system integration
In ARGUS Enterprise, you can only assign one chart of accounts to a portfolio
Only users with appropriate permissions can access all the feature sin the control panel.
To lock down a specific property and restrict who can edit it, click the ______ button located in the ARGUS Enterprise ribbon bar.
modeling policies
calculate as
check out property
details
You cannot import and/or export v15 DCF files from ARGUS Enterprise.
The expense inflation rate will be the default percentage for:
operating expenses
non operating expenses
capital expenses
all above
non above
Every inflation rate category must be given a number, or it will default to the general inflation.
Free rent, by default, kicks in at the beginning of the?
tenants lease available date
analysis date
tenants lease start date
none above
What is the default recovery structure in ARGUS Enterprise?
base year stop
The available date column in the tenants rent roll represents the start of the tenants lease.
By default, tenant improvements and leasing commissions are paid t the start of the tenants lease.
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.
Contract renewal:
insets a new contract lease into the rent roll
utilizes the renew market leasing profile terms
utilizes the new market leasing profile terms
Which report displays new market, rental market and weighted average results?
calculation review details report
assumptions report
market pricing report
none of above
The inflation rates are displayed on which report?
market pricing
property summary
lease audit
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?
7th
5th
4th
6th
If 12% is a desired return, enter 12% in the _____ parent tab
cap rate
property resale
investment
valuation
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?
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
step rent increases can be applied in the step rent field or in the base rent varies window
When using an available date that is before the start date, the loss in potential rent can be shown on which report?
recovery audit
tenant cash flow
What is the default calculation formula for charitable sales?
sales volume - breakpoint
chargeable sales x sales%
base rent / sales %
sales % x sales volume
Additional principal payments can be factored into the loan computations.
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?
delte
mature
amortize
balloon
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.
The default formula for leasing commissions is?
base rent + step rent + free rent - CPI
Base rent + step rent - free rent
Base rent + CPI
Base rent + CPI - step rent
The percentage of the expense the tis eligible to be recovered can be altered for the entire property within the expense tab.
Months vacant overrides will only affect the first rollover and there will be no blending based upon the renewal probability.
The batch update allows a user to model several changes simultaneously instead of performing each individual adjustment.
When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen.
Different levels of detail can be set for the Audi log in which portfolio application tab?
audit log
portfolio details
scenarios
properties
To change the report interval setting, click the ___ button.
input
report options
reports tab
none of the above
Which report within portfolio level reports will show individual property information that make sup the selected cash flow totals?
cash flow detail
cash flow comparison
dashboard
all of the following are options for exporting portfolio level reporting except?
Excel
HTML
PDF
Tiff
