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Argus Review Questions

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Davis Meyer
Quiz by Davis Meyer, updated more than 1 year ago
Davis Meyer
Created by Davis Meyer about 4 years ago
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Resource summary

Question 1

Question
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.
Answer
  • True
  • False

Question 2

Question
Which of the following is NOT a level offered within the Charts of Accounts section?
Answer
  • Header
  • Account
  • Sub-Account
  • Detail

Question 3

Question
Which of he following is NOT a classification type in AE?
Answer
  • System
  • Property
  • Region
  • Tenant

Question 4

Question
Users in ARGUS Enterprise can have permissions assigned to them at the Portfolio, Scenario, and Property Level.
Answer
  • True
  • False

Question 5

Question
Which General Vacancy calculation is found by adding the Total Tenant Revenue + Total Other income?
Answer
  • Annual Amount
  • % of Potential Gross revenue
  • % Total Rental Revenue
  • % of Total Tenant Revenue

Question 6

Question
Both positive and negative inflation rates can be entered into Argus Enterprise.
Answer
  • True
  • False

Question 7

Question
Which valuation tabs primary purpose is to determine the current value of the property?
Answer
  • Assumptions
  • Direct Capitalization
  • Property Resale
  • Present Value

Question 8

Question
It is possible to have multiple Property Resale Calculations active for a single property
Answer
  • True
  • False

Question 9

Question
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%
Answer
  • $37,500
  • $50,000
  • $15,000,000
  • $20,000,000

Question 10

Question
Only one debt note can be entered in ARGUS Enterprise.
Answer
  • True
  • False

Question 11

Question
If the analysis is 10 years long and you have a 30-year debt note, when will it balloon?
Answer
  • 10
  • 11
  • 15
  • 30

Question 12

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

Question 13

Question
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)?
Answer
  • market
  • renew
  • option
  • month to month

Question 14

Question
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?
Answer
  • $10SF
  • $14SF
  • $15SF
  • $20SF

Question 15

Question
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
Answer
  • $75
  • $78.75
  • $87.50
  • $91.88

Question 16

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

Question 17

Question
Which of the following is nOT included in the default leasing commissions fixed % calculation?
Answer
  • fixed steps
  • base rent
  • recoveries
  • free rent

Question 18

Question
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
Answer
  • 50,000
  • 450,000
  • 500,000
  • 1,000,000

Question 19

Question
_______ is a solution for consolidating and reporting property, tenant, portfolio, and scenario information contained within ARGUS Enterprise
Answer
  • analysis reporting
  • property cash flows
  • sensitivity assumptions
  • portfolio reporting

Question 20

Question
Properties can be filtered, sorted and grouped in the portfolio interface
Answer
  • True
  • False

Question 21

Question
User can define a varying building area over time by clicking the building ellipsis.
Answer
  • True
  • False

Question 22

Question
The _____ tab allows user to upload numerous files to centralize the property documents.
Answer
  • area measures
  • property
  • attachments
  • classifications

Question 23

Question
The report options button allows a user to change the print interval setting for specific reports.
Answer
  • True
  • False

Question 24

Question
The tenants reports - lease summary displays the following:
Answer
  • only tenants entered in the rent roll
  • only tenants entered in space absorption
  • both tenants entered in the rent roll and space absorption

Question 25

Question
Which of the following is not a property report?
Answer
  • tenant summary
  • executive summary
  • assumptions
  • cash flow

Question 26

Question
The property reports - assumptions displays what information?
Answer
  • general vacancy rates
  • inflation rates
  • market leasing profiles
  • AOB

Question 27

Question
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?
Answer
  • fixed amount
  • stop amount
  • net
  • fixed amount / area

Question 28

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

Question 29

Question
Property level detail can be separated out in portfolio level reports
Answer
  • True
  • False

Question 30

Question
To make a revenue or expense a blind-line item, select the _____ option.
Answer
  • option
  • reference only
  • memo account
  • non-operating expense

Question 31

Question
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?
Answer
  • 30,000
  • 40,000
  • 50,000
  • 46,000

Question 32

Question
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?
Answer
  • 30,000
  • 46,000
  • 40,000
  • 50,000

Question 33

Question
in which tab would a user enter in a non-recoverable operating expense?
Answer
  • Expenses- operating
  • expenses-non operating
  • expenses - capital
  • expenses - non-recoverable

Question 34

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

Question 35

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

Question 36

Question
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?
Answer
  • 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

Question 37

Question
It is NOT possible to enter in a mid-month lease start date.
Answer
  • True
  • False

Question 38

Question
Which of the following is NOT included in the % fixed leasing commissions calculation?
Answer
  • free rent
  • CPI rent
  • base rent
  • step rent

Question 39

Question
What does the available date represent in the tenants - rent roll?
Answer
  • the date the lease commences
  • the date the lease is executed
  • the date the space is available to lease

Question 40

Question
In the rent roll, which of the following is an option from the recovery structure drop down?
Answer
  • fixed amount
  • none
  • net
  • AOB

Question 41

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

Question 42

Question
In the tenants rent roll, which market leasing profile assumptions can be overrode by other fields?
Answer
  • months vacant
  • free rent
  • rental probability
  • Non of above
  • AOB

Question 43

Question
ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation-DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalization.
Answer
  • True
  • False

Question 44

Question
In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program.
Answer
  • True
  • False

Question 45

Question
Which is a benefit to utilizing a chart of accounts?
Answer
  • easier to track revenues/expenses
  • standardizes portfolio for names of all expenses/revenues
  • helps with accounting system integration
  • AOB

Question 46

Question
In ARGUS Enterprise, you can only assign one chart of accounts to a portfolio
Answer
  • True
  • False

Question 47

Question
Only users with appropriate permissions can access all the feature sin the control panel.
Answer
  • True
  • False

Question 48

Question
To lock down a specific property and restrict who can edit it, click the ______ button located in the ARGUS Enterprise ribbon bar.
Answer
  • modeling policies
  • calculate as
  • check out property
  • details

Question 49

Question
You cannot import and/or export v15 DCF files from ARGUS Enterprise.
Answer
  • True
  • False

Question 50

Question
The expense inflation rate will be the default percentage for:
Answer
  • operating expenses
  • non operating expenses
  • capital expenses
  • all above
  • non above

Question 51

Question
Every inflation rate category must be given a number, or it will default to the general inflation.
Answer
  • True
  • False

Question 52

Question
Free rent, by default, kicks in at the beginning of the?
Answer
  • tenants lease available date
  • analysis date
  • tenants lease start date
  • none above

Question 53

Question
What is the default recovery structure in ARGUS Enterprise?
Answer
  • net
  • base year stop
  • fixed amount
  • step rent
  • all above

Question 54

Question
The available date column in the tenants rent roll represents the start of the tenants lease.
Answer
  • True
  • False

Question 55

Question
By default, tenant improvements and leasing commissions are paid t the start of the tenants lease.
Answer
  • True
  • False

Question 56

Question
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.
Answer
  • True
  • False

Question 57

Question
Contract renewal:
Answer
  • 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

Question 58

Question
Which report displays new market, rental market and weighted average results?
Answer
  • calculation review details report
  • assumptions report
  • market pricing report
  • none of above

Question 59

Question
The inflation rates are displayed on which report?
Answer
  • market pricing
  • property summary
  • lease audit
  • cash flow

Question 60

Question
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?
Answer
  • 7th
  • 5th
  • 4th
  • 6th

Question 61

Question
If 12% is a desired return, enter 12% in the _____ parent tab
Answer
  • cap rate
  • property resale
  • investment
  • valuation

Question 62

Question
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?
Answer
  • 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

Question 63

Question
step rent increases can be applied in the step rent field or in the base rent varies window
Answer
  • True
  • False

Question 64

Question
When using an available date that is before the start date, the loss in potential rent can be shown on which report?
Answer
  • recovery audit
  • lease audit
  • tenant cash flow
  • executive summary

Question 65

Question
What is the default calculation formula for charitable sales?
Answer
  • sales volume - breakpoint
  • chargeable sales x sales%
  • base rent / sales %
  • sales % x sales volume

Question 66

Question
Additional principal payments can be factored into the loan computations.
Answer
  • True
  • False

Question 67

Question
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?
Answer
  • delte
  • mature
  • amortize
  • balloon

Question 68

Question
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.
Answer
  • True
  • False

Question 69

Question
The default formula for leasing commissions is?
Answer
  • base rent + step rent + free rent - CPI
  • Base rent + step rent - free rent
  • Base rent + CPI
  • Base rent + CPI - step rent

Question 70

Question
The percentage of the expense the tis eligible to be recovered can be altered for the entire property within the expense tab.
Answer
  • True
  • False

Question 71

Question
Months vacant overrides will only affect the first rollover and there will be no blending based upon the renewal probability.
Answer
  • True
  • False

Question 72

Question
The batch update allows a user to model several changes simultaneously instead of performing each individual adjustment.
Answer
  • True
  • False

Question 73

Question
When creating a sensitivity scenario, changes to individual properties may be made at the top of the screen.
Answer
  • True
  • False

Question 74

Question
Different levels of detail can be set for the Audi log in which portfolio application tab?
Answer
  • audit log
  • portfolio details
  • scenarios
  • properties

Question 75

Question
To change the report interval setting, click the ___ button.
Answer
  • input
  • modeling policies
  • report options
  • reports tab
  • none of the above

Question 76

Question
Which report within portfolio level reports will show individual property information that make sup the selected cash flow totals?
Answer
  • cash flow detail
  • cash flow comparison
  • dashboard
  • cash flow

Question 77

Question
all of the following are options for exporting portfolio level reporting except?
Answer
  • Excel
  • HTML
  • PDF
  • Tiff
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