2023 ARGUS Law Certification Exam With Answers (174 Solved Questions)

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2023 ARGUS Law Certification Exam With Answers (174 Solved Questions) - Page 1 preview image

Argus Certification Exam, ArgusCertification Practice Test, ARGUSCertification Exam With 100% CorrectAnswers 2023Once a Property Asset Type is selected it cannot be changed (T/F)-Correct Answer-FalseThe Analysis Begin date defaults to thecurrent Month and Year (T/F)-Correct Answer-TrueWhich of the following is a classification type in AE? Select all that apply.a. Propertyb. Tenantc. Regiond. Lease-Correct Answer-a. Propertyb. TenantMultiple properties can be opened simultaneously in ARGUS Enterprise (T/F)-CorrectAnswer-TrueWhat is the extension of a property asset file in ARGUS Enterprise?a. .sfb. .avuxc. .aeexd. .aeix-Correct Answer-b. avuxTo take a property out of read-only mode, the ______________ button mustbeselected from the Ribbon.a. Refreshb. Ellipsesc. Check In/Out Propertyd. Edit Property-Correct Answer-d. Edit PropertyWhat should be selected as the 'How Input' method in order for the revenue or expenseto be based on a percentage of othercash flow items in the property?a. Amount 1

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b. Sub-linesc. % of Otherd. Currency Amount / Vacant Area-Correct Answer-c. % of OtherTo replicate a value in a specific month of each year during the project for a specificexpense, you must click whichbutton in the amount 1 Varies window?a. Copy Across & Downb. Copy to Endc. Copy Column to Endd. Column-Correct Answer-c. Copy Column to EndWhen calculating a Market Leasing profile with the Upon Expiration set to Renewal,Enterprise ________________________________________.a. Assumes a 0% renewalb. Takes a weighted averagec. Assumes the space goes darkd. Assumes a 100% renewal-Correct Answer-d. Assumes a 100% renewalThe Upon Expiration field within the Market Leasing profile allows us to select anyoverrides for past terms (T/F)-Correct Answer-FalseThe Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the______________________, when using CAP NOI (12 Months After Sale).-CorrectAnswer-Cap RateTenantImprovements/Leasing Commissions can be subtracted out of the Resalecalculation (T/F)-Correct Answer-TrueParameters for the Discount Rate Change Interval on the IRR Matrix report can bechanged in the _________________ tab?-Correct Answer-AssumptionsWithin the Investments tab, the _______________________ tab is used to calculatenotes outside of the AE system.-Correct Answer-Other DebtBy default, ARGUS Enterprise calculates loans on a 12 month basis (T/F)-CorrectAnswer-TrueEnter Other Debtinformation into the Valuation tab (T/F)-Correct Answer-FalseWhen you have a one-time increase, or an increase that happens at differentincrements or times utilize the Fixed Steps Unit column (T/F)-Correct Answer-When entering an Available Date prior to the Start Date within the Rent Roll-CorrectAnswer-

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Net-Correct Answer-All recoverable expenses are paid by the tenant based on theirproportionate share of the building area.Base Year Stop-Correct Answer-All recoverable expenses are paidby the tenantbased on their proportionate share of the building area over a stop amount, which is theamount of annual recoverable expenses in the base year, or first year, of the leasecalculated by the system. If the tenant's lease begins prior to the analysis start date andyou select Base Year Stop, the calculated stop will use all reimbursable expenses in thefirst year of the analysis.Stop Amount-Correct Answer-Enter the building stop amount. Tenants for whom youselect this method will reimburseall recoverable expenses over the building stopamount entered based on their proportionate share of the building area.Stop Amount/Area-Correct Answer-Enter the building stop amount/area. Tenants forwhom you select this method will reimburse all recoverable expenses over the buildingstop amount/area entered based on their proportionate share of the building area.Fixed Amount-Correct Answer-Enter the annual recovery amount that will be paid bythe tenant each year. The fixed amount can be a singleamount or it can vary over time.The fixed amount is a tenant amount not a building amount.Fixed Amount/Area-Correct Answer-Enter the annual amount/area recovery that willbe paid by the tenant each year. The fixed amount/area can be a single amount or itcan vary over time. The rate entered varies according the amount of area under lease,not according to the entire building area.None-Correct Answer-No recoveries will be calculated for the tenant.Market-Correct Answer-Select the tenants to beincluded in the Market calculation.Base Year Stop +1-Correct Answer-Expense stop will be established by the amount ofrecoverable expenses in the recovery year following the year the lease begins. Note ifyou select this method and the lease year is before the analysis start date, yet within thefirst recovery year, then the expense stop will be set to equal the recoveries from thesecond recovery year. If you select this method and the lease year is before theanalysis start date and prior to the startof the first recovery year, then the expense stopwill be set in the same manner as the existing base year stop.Base Year Stop-1-Correct Answer-Expense stop will be established by the amount ofrecoverable expenses in the recovery year prior to yearthe lease begins. If you selectthis method and the lease begins before the analysis, the expense stop will be set in thesame manner as the existing base year stop recovery method. If you select this methodand the lease begins during the first analysis year yet after the start of the second

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recovery year, the expense stop will be established by the recoverable expenses thatoccur within the first recovery year.User Recovery Structures-Correct Answer-You can also create user-constructedrecovery structures. These provide you with the ability to create custom recoverystructures which apply different recovery methods to individual expenses or expensegroups. This flexibility allows you to model virtually any recovery structure you mightencounter in a commercial real estate lease contract.Market (Upon Expiration)-Correct Answer-Renewal processed based on the renewalprobability in the Market Leasing profile (weighted average calculations of new andrenewal rates for market rents, TI's, LC's etc.)Reabsorb-Correct Answer-All income for the space will cease when the initial leaseterm expires. In other words the space "goes dark" and does not lease again. Thisallows the space to be "reabsorbed" or re-leased either in full or in smaller sectionsRenew-Correct Answer-Assumes a 100% renewal probability for the current renewalperiod. A new speculative lease is created based on the renewal market entries in theMarket Leasing profile.Vacate-Correct Answer-Assumes a 0% renewal probability for the current renewalperiod. A new speculative lease is created based on the new market entries in theMarket Leasing profile.Option-Correct Answer-AE will entirely ignore the Market Leasing profile, and willinsert a new speculative lease line into the RentRoll. Select Option only if specific rentand parameters of the option term are known.Contract Renewal-Correct Answer-AE will ignore the Market Leasing profile, and willinsert a new contract lease into the Rent Roll. Select Contract Renewal if thespecificrent and parameters of the renewal are known.Month to Month-Correct Answer-AE will ignore the Market Leasing profile, and willinsert a new speculative lease line into the Rent Roll. This option can be used after alease expires and a tenant needs to occupy the space for only a couple more monthsbefore vacating.Holdover-Correct Answer-AE will ignore the Market Leasing profile, and will insert anew speculative lease line into the rent roll. A holdover tenant is a renter who remains ina property after the expiration of the lease. If the landlord continues to accept rentpayments, the holdover tenant can continue to legally occupy the property. State lawsand court rulings determine how long the holdover tenant's new rental term is if thelandlord accepts rent.

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