Argus Enterprise Practice Test

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• How does Argus Enterprise handle lease modeling?
• What does it mean to "Stress Test" a property model in Argus Enterprise?
• What is a key feature of ARGUS Enterprise regarding property management?
• On what basis does ARGUS Enterprise typically calculate loans?
• At 100% occupancy, what is the expected Vending Machine revenue in Year 1?
• What is a function of "Transaction Management" within Argus Enterprise?
• According to default settings, when is Free Rent provided in ARGUS Enterprise?
• Is it true that Sensitivity Analysis allows for editing multiple properties at once?
• Which report within repertoire reports shows individual property information that contributes to selected cash flow totals?
• Why is "Benchmarking" significant in asset management using Argus Enterprise?
• How can users create "Lease Comparables" in Argus Enterprise?
• What kind of reports can Argus Enterprise generate for property evaluations?
• When operating within ARGUS Enterprise, which is a key benefit of standardization?
• What does the term 'Cap Rate' refer to in property appraisal?
• What percentage of fixed costs does a property have if its CAM expense of $30,000 includes 60% fixed?
• How does managing "Lease Comparables" contribute to a competitive advantage?
• What happens to existing recovery structures during a modeling policy change?
• In Argus Enterprise, what does "Cap Rate" signify?
• What is the purpose of the "Portfolio Management" feature in Argus Enterprise?
• How is the 'date available' typically represented in space absorption?
• What is the limits set for operating expenses typically based on?
• What is the expected Vending Machine revenue in Year 1 at 60% occupancy?
• What is a key benefit of leveraging "Lease Comparables" in Argus Enterprise?
• To indicate a desired return of 12%, where should this percentage be entered in Argus Enterprise?
• Which method is used to calculate the % of Total Rental Revenue?
• How does Argus Enterprise aid in investment analysis?
• How does an intelligent renewal calculation enhance the leasing process?
• Where must any expense that needs to be reimbursed be recorded?
• All of the following are options for exporting repertoire reports except:
• What does the lease execution cell represent?
• What does Argus Enterprise offer for "Exit Strategies"?
• How many characters can be used in a property name within Argus Enterprise?
• What can be said about how inflation rates are applied within Argus Enterprise now?
• What does the term 'Months Vacant' refer to in rental management?
• What is the initial value entry for a property with a CAM expense of $30,000 and a 70% occupancy rate?
• When should the Fixed Steps Unit column be utilized in ARGUS Enterprise?
• Describe the significance of "Discount Rate" in Argus Enterprise.
• What happens if an inflation category is not assigned a number?
• Are Tenant Improvements and Leasing Commissions paid at the start of the tenant's lease by default?
• When calculating the resale value of a property using Capitalize NOI, what is the correct formula to follow?
• What is the Vending Machine revenue if the occupancy is 0%?
• What function does the Upon Expiration field serve within the Market Leasing profile?
• How does analyzing lease structures benefit users in Argus Enterprise?
• How does Argus Enterprise enhance collaboration among users?
• What type of income should be included under miscellaneous rental income in Argus Enterprise?
• What does Sensitivity Analysis impact?
• Which of these statements is FALSE about property time selection?
• What is the purpose of tracking "Historical Performance" in Argus Enterprise?
• True or False: The Batch Update icon on the toolbar updates files with all changes made during sensitivity analysis.
• What factor does Argus Enterprise use to adjust recovery structures after a modeling policy change?
• The utilities expense for a property with an occupancy of 80% is calculated based on what factor?
• What type of investments does "CapEx" typically track?
• In Argus Enterprise, what does the term "Cash Flow" typically refer to?
• What role does Argus Enterprise play in assessing "Cash Flow"?
• Which file extension is typically associated with DCF files in Argus?
• What does the Market Inflation Rate relate to in terms of leases?
• What configuration is crucial during the analysis of Market Leasing profiles?
• How can the chart of accounts be changed in Argus Enterprise?
• What do classifications act as in Argus Enterprise?
• What is crucial about understanding "Market Trends" in Argus Enterprise?
• Which reporting solution is designed for consolidating and graphically reporting property and portfolio data in ARGUS?
• What is the primary purpose of calculating vending machine revenue in the ARGUS analysis?
• True or False: Property names may include spaces and can be up to 300 characters long.
• What can be done with property classifications once they are set up?
• How can Argus Enterprise help in budget forecasting?
• Which tab must be selected to restrict access to a specific property for certain users?
• How does Argus Enterprise assist users in creating "Custom Reports"?
• In a lease agreement, who pays for yearly increases in expenses after the base year?
• What is the significance of "Market Data" in Argus Enterprise?
• Which feature allows tracking of asset changes and user interactions in Argus?
• True or False: The ARGUS system allows users to select a different leasing profile after the initial lease term ends.
• What happens if an amount is entered in the months vacant override field?
• What does the term 'CAMS' refer to in financial performance?
• In ARGUS Enterprise, where must CPI adjustments be assigned?
• What is the available date for showing the Lost Absorption/Turnover Rent for a tenant whose lease starts in March?
• What action is required to allow others to view your property in Argus Enterprise?
• Which process benefits from the tools provided by Argus Enterprise regarding transactions?
• With a CAM expense of $30,000 and an occupancy rate of 70%, what operating expense amount appears on the Cash Flow report?
• Can you assign multiple charts of accounts to a single portfolio in ARGUS Enterprise?
• Can Tenant Improvements/Leasing Commissions be subtracted out of the Resale calculation in ARGUS Enterprise?
• What does a 'CPI' adjustment refer to in lease agreements?
• What type of expenses does the expense inflation rate affect by default?
• How does the "Lease Expiration Report" aid property managers?
• What is an implication of the CPI Inflation Rate?
• True or False: Months vacant overrides will affect only the first rollover with no blending based on renewal probability.
• What is the primary function of "Market Studies" in Argus Enterprise?
• How does Argus Enterprise facilitate "Transaction Management"?
• What effect does "Rental Growth" have in Argus Enterprise models?
• How is the Gross Sale Price calculated when using CAP NOI (12 Months After Sale)?
• Why is "Property Type Classification" important in Argus Enterprise?
• Which key financial metrics does Argus Enterprise help analyze?
• Which tools does Argus Enterprise provide for "Property Valuation"?
• What does tracking "CapEx" allow property managers to do effectively?
• To change the report interval setting, which button must be clicked?
• True or False: Every inflation category must be assigned a number to avoid defaulting.
• How does Argus Enterprise facilitate multi-property management?
• What happens when you create a new property in ARGUS Enterprise?
• What primary feature does Argus Enterprise provide in managing "Transaction Management"?
• What is the value of selling costs assumed in the resale calculation based on provided assumptions?
• What is necessary to show vacant space available on reports when a tenant's space is not yet occupied?
• What does ARGUS Enterprise assume when an Available Date is entered before the Start Date in the Rent Roll?
• Which expenses are tied to the Expense Inflation Rate?
• How are operating expenses determined in Argus Enterprise?
• What does the check-in check-out feature prevent in Argus Enterprise?
• When are Leasing Commissions typically paid according to default settings in ARGUS Enterprise?
• What is the minimum analysis year that can be set in Argus Enterprise?
• How does a rental rate's fixed steps impact the total Leasing Commission calculation?
• What frequency does the default General Vacancy calculation use?
• How does Argus Enterprise streamline the data import process?
• The Multiplier field in the Property Resale tab is determined by which formula?
• Which of the following is true regarding ARGUS Enterprise's integration of solutions?
• What is the purpose of the "Scenario Analysis" feature in Argus Enterprise?
• How is the entry of revenue and expense tracking facilitated in ARGUS Enterprise?
• When calculating %var, what formula is used?
• What type of rent is applicable to retail sales?
• How much will LB Corp pay in reimbursements for 2017?
• Which of the following is a classification type in Argus Enterprise?
• How does Argus Enterprise support international real estate management?
• Which tool can summarize cash flow from different property reports?
• Will the Lost Absorption/Turnover Rent for the months prior to a lease start appear on the individual Tenant Cash Flow / LPV Report?
• True or False: Inflation will not affect the capital expenses if it is set to 0%.
• What is the primary role of the Audit Log feature in Argus?
• What is a "Discounted Cash Flow (DCF)" analysis in Argus Enterprise?
• What is the default Leasing Commission formula in ARGUS Enterprise?
• What defines the landlord's responsibility in the base year of a lease?
• If the modeling policy for gross ups is changed, what impact does this have on future recovery structures?
• What is the status of the Upon Expiration field in the Market Leasing profile regarding overrides for past terms?
• How is the General Vacancy calculated for a building?
• What takes precedence when reporting tenant turnover in ARGUS Enterprise?
• What function does the "Reporting Module" serve in Argus Enterprise?
• Which aspect does Argus Enterprise enhance in "Transaction Management"?
• What does Recovery Timing refer to in cash flow discussions?
• Why may a user choose to utilize the override feature in the months vacant field?
• When calculating the resale value, what must be done first according to ARGUS methodology?
• What does user access control in Argus Enterprise allow administrators to do?
• What option within the Investment tab calculates debt notes outside of the AE system?
• What does the Months Vacant override field impact?
• What feature can be switched on or off in the cash flow report concerning non-operating expenses?
• What is the purpose of the "Dashboard" in Argus Enterprise?
• What important aspect does "CapEx" impact concerning property management?
• How is "Vacancy Rate" calculated in Argus Enterprise?
• What effect does having fixed CAM expenses have on the overall property cash flow?
• What is the purpose of calculating gross up expenses in property management?
• True or False: Once a Property Asset Type is selected, it cannot be changed.
• What should always be maintained according to best practices for availability and start dates?
• What happens when you create a property from scratch in Argus Enterprise?
• What is the primary purpose of the months vacant override field?
• How can user-defined "Key Performance Indicators" (KPIs) improve Argus Enterprise?
• What is the purpose of utilizing the renew market leasing profile terms in contract renewal?
• In terms of leasing strategies, what does the analysis of "Lease Comparables" help achieve?
• Which of the following is NOT included in the calculation of % of Total Rental Revenue?
• Is it true that Step Rent increases can be applied in both the step rent field and the base rent varies window?
• Which of the following is not a component of the default Free Rent formula in ARGUS Enterprise?
• What will the net proceeds from a sale amount to if the resale calculation capitalizes the NOI 12 months after the sale?
• What types of reporting capabilities does Argus Enterprise provide?
• Which tab allows for changes in the parameters for the Discount Rate Change Interval on the IRR Matrix report?
• When the available date precedes the start date, where can the loss in potential rent be viewed?
• Which report provides new market, renewal market, and weighted average results?
• What is the capital expense amount reflected on the cash flow for March Year 3, considering a 3% inflation for the first two years?
• What is the maximum analysis year that can be set in Argus Enterprise?
• What feature of Argus Enterprise supports "Partnership Structures"?
• For the year 2018, what will LB Corp's reimbursement expenses amount to?
• In which portfolio application tab can different levels of detail for the audit log be set?
• In what scenario would Argus Enterprise not blend based on renewal probability?
• What is the total CAM expense amount for a property with an annual expense of $30,000 and 60% fixed?
• What is the primary benefit of understanding gross ups in the recovery structure?
• What does the expense inflation rate default to in ARGUS Enterprise?
• What is typically included under operating expenses?
• Which option lets you see changes made to properties before finalizing a sensitivity analysis?
• What is no longer applicable as a default in Argus Enterprise?
• True or False: You should enter Other Debt information into the Valuation tab.
• What is a key advantage of using "Cloud Service" with Argus Enterprise?
• What type of analysis does Argus Enterprise provide for market evaluations?
• True or False: Changes to individual properties during a sensitivity scenario can only be made at the bottom of the screen.
• When does Free Rent typically begin according to default settings?
• For a CAM expense of $30,000 with a 70% occupancy, what is the variable operating expense shown on the Cash Flow report?
• Which of the following documents would typically show the calculation of the General Vacancy rate?
• What does "Data Management" allow users to do in Argus Enterprise?
• What information can be found on the Revenues tab?
• What feature must be activated to use Intelligent Renewal in Argus Enterprise?
• What is a crucial factor for user permissions within ARGUS Enterprise?
• Which component is NOT part of the leasing commission calculation?
• In the calculation of resale value, how does a 3% selling cost impact the final figure?
• What feature allows users to analyze sensitivity scenarios in Argus Enterprise?
• How does Argus Enterprise assist in depreciation calculations?
• What is Argus Enterprise primarily used for?
• Which of the following is not typically considered a default free rent element?
• What are "Tenant Profiles" used for in Argus Enterprise?
• What happens upon expiration of a lease?
• Which key component is necessary for determining a property's utilities expense?
• When analyzing a 6-year analysis, which year's NOI is used if the resale calculation is set to CAP NOI 12 months after sale?
• What is a "Proforma" in the context of Argus Enterprise?
• What is one of the benefits of using "Templates" in Argus Enterprise?
• For recovery structures created before a modeling policy change, how are they affected?
• What file extension is used for saving Argus Enterprise files?
• What should be pressed to export reports in Argus Enterprise?
• Which types of properties can be managed using Argus Enterprise?
• When considering the case study portion of an exam, what information is referenced?
• How many properties can you have within ARGUS Enterprise portfolios?
• Which mode must you manually click to access when working with an already created property file?
• In which situation will the Lost Absorption/Turnover Rent be reported?
• What is the role of the "Value Add" feature in Argus Enterprise?
• Which Portfolio Application Tab enables the calculation of variance between two scenarios?
• How are modeling policies described in Argus Enterprise?
• What does the term "intelligent renewal" refer to in leasing?
• How does Argus Enterprise improve "Investment Analysis"?
• What advantage does a chart of accounts provide?
• What does the "Risk Analysis" capability in Argus Enterprise assess?
• If you get a file from someone else or an already created property, what mode will it be in?
• The inflation rates reported in property management documents can typically be found in which report?
• How is the operating expense calculated in cash flow reports?
• Is inflation applied in the first year of analysis in Argus Enterprise?
• How is the NOI treated in the calculation of the Gross Sale Price?
• How can a property be added in Argus Enterprise?
• What outcome is anticipated when Tenant Improvements are factored into the resale calculation?
• Which classification types are part of Argus Enterprise? (Select all that apply)
• Is it possible to import or export v15 DCF files in ARGUS Enterprise?
• What formula is used to calculate leasing commissions in Argus Enterprise?
• How would you calculate the utilities expense of a property that is 35,000 SF with a utility cost of $0.15/SF/Year and 35% fixed occupancy?
• What does inflation adjust in the context of ARGUS Enterprise?
• In the Market Leasing profile of ARGUS Enterprise, when the Upon Expiration is set to Renewal, what does the system assume?
• When adjusting recovery structures, what should be the focus after changing modeling policies?
• What is the importance of "Capital Expenditure" (CapEx) tracking in Argus Enterprise?
• Why is accurate "CapEx" tracking vital for property management?
• If a Base Year Stop structure is applied, what will LB Corp reimburse for operating expenses in 2016?
• If a property has 70% occupancy and reimbursable expenses are grossed up to 100%, what will the operating expense be if the CAM expense is $30,000?
• What term describes the time period between the end of a lease and the start of a new one?
• What is the typical Prop Management Fee as a percentage of effective gross revenue?
• Which type of output can be generated from simulations in Argus Enterprise?
• What is the primary function of the F1 help feature in Argus Enterprise?
• Which of the following statements is correct regarding Sensitivity Analysis?
• What is the HTML file extension used in Argus Enterprise?
• With a given CAM expense and occupancy, how is the operating expense amount on the Cash Flow report affected by grossed-up reimbursable expenses?
• What is a "Property Model" in Argus Enterprise?
• What role do "User Preferences" play in Configuring Argus Enterprise?
• How can users tailor their financial models within Argus Enterprise?
• What happens to a chart of accounts once it has been attached in Argus Enterprise?
• What does "Sensitivity Analysis" in Argus Enterprise evaluate?
• How are operating expenses represented monthly?
• What is the default recovery structure in ARGUS Enterprise?
• Assuming a sale date of December 2020, what will the net proceeds from sale be if capitalizing the NOI of the sale year?
• What is the formula for calculating the default Free Rent in ARGUS Enterprise?