ARGUS Enterprise Certification Exam Review Questions | 145 Questions with 100% Correct Answers | Latest Update 2024 | Verifie d 1- (T/F) Once a property asset type is selected it cannot be changed - ✔✔False. In the DCF version you cant but in enterprise the asset type CAN be changed after its created 1- (T/F) T he analysis begin date defaults to the current month and year - ✔✔True. and 100 years is the longest analysis period 1- 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? - ✔✔control panel 1- 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 - ✔✔analysis 2- What is the exte nsion of a property asset file in argus enterprise? - ✔✔.avux 2- ________ saves the updates to the property asset model to the database. If a calculation has been performed, it also saves the latest calculation results - ✔✔save property (you do this under property view) 2- 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? - ✔✔% of other. example - management fee as % of effective gross revenue 2- Common a rea 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? - ✔✔A. 100,000 B. 87,500 work for B: (expense amount* % fixed) + (exp ense amount * % variable * % occupied) (100,000 * .5) + (100,000 * .5 * .75) = 87,500 2- 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? - ✔✔A. 80,000 B. 80,000 2- 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? - ✔✔copy column to end 3- What is the Market rent i n 2025? relevant info from book (pg 47): market rent in 2022 is 15 market inflation rate is 5% in 2023 and 2024, then it is 3% in 2025, 2026 and 2027 - ✔✔17.03 3- What is the cpi inflation rate in 2024 relevant info from book (pg 47): market rent in 2022 is 15 cpi inflation rate is shown across the board as 0% - ✔✔0.00% 3- When calculating a market leasing profile with the upon expiration set to renew, enterprise ________ - ✔✔assumes a 100% renewal 3- (T/F) The upon expiration field w ithin the market leasing profile allows us to select any overrides for past terms - ✔✔False 4- (T/F) When you have a one time increase, or an increase that happens at different increments or times, utilize the fixed steps unit column - ✔✔False 4- When en tering an available date prior to the start date within the rent roll, argus enterprise will assume: - ✔✔the space is available, but vacant until the start date 4- The analysis start date is january 2022. A tenants lease start date is March 2022. If we wa nt to show the lost absorption/ turnover rent for this tenant, what would be entered in the following fields? A. Available date field: B. Start date field: - ✔✔A. Jan 2022 B. March 2022 4- (T/F) The lost absorption/ Turnover rent being reported for the mo nths prior to a lease start will appear on the individual tenant cash flow/ LPV report - ✔✔False 4- calc percentage rent info from txt pg 88: tenant size: 2,450 SF tenant rent: $13 sf/year 4% sales % sales amount: 950,000 - ✔✔$6150 work: sales volume - breakpoint * sales % 950,000 - ( (2450*13)/4 )* 4% $6150 4- The % of total rental revenue method is calculated by taking the scheduled base rent + ______ - ✔✔CPI Increases 4- (T/F) The general vacancy calculation frequency can be monthly or annually - ✔✔true 4- What is the general vacancy for this building? info from pg 89: potential gross revenue: 9,600,000 absorption & turnover vacancy: 230,000 5% general vacancy - ✔✔261,500 work: (pgr + absorption & turnover) * vacancy rate - absorption and turnover (9600000 + 230000) * 5% - 230,000 261,500 5- Calculate th e utilities expense, using the following assumptions property size= 35,000 SF utilities expense= 0.15/sf/year --> 35% fixed occupancy= 80% - ✔✔(expenses * fixed%) + (expenses * variable % * occupancy %) ((35,000 * .15) * .35) + ((35,000 * .15) * .65 * .80) 4,567.50 5- 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? - ✔✔30,000 5- Assume that a property's cam expense is $30,00 0 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? - ✔✔(expense * fixed%) + (expense * variable % * occupancy %) (30,000 * .60) + (30,000 * .40 * .70) =26,400 5- 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? - ✔✔(expense * fixe d%) + (expense * variable % * occupancy %) (30,000 * .60) + (30,000 * .40 * .70) =26,400
