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

Name: 2023 ARGUS Law Certification Exam With Answers (174 Solved Questions)
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Argus Certification Exam, Argus
Certification Practice Test, ARGUS
Certification Exam With 100% Correct
Answers 2023
Once a Property Asset Type is selected it cannot be changed (T/F) - Correct Answer-
False
The Analysis Begin date defaults to the current Month and Year (T/F) - Correct Answer-
True
Which of the following is a classification type in AE? Select all that apply.
a. Property
b. Tenant
c. Region
d. Lease - Correct Answer-a. Property
b. Tenant
Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) - Correct
Answer-True
What is the extension of a property asset file in ARGUS Enterprise?
a. .sf
b. .avux
c. .aeex
d. .aeix - Correct Answer-b. avux
To take a property out of read-only mode, the ______________ button must be
selected from the Ribbon.
a. Refresh
b. Ellipses
c. Check In/Out Property
d. Edit Property - Correct Answer-d. Edit Property
What should be selected as the 'How Input' method in order for the revenue or expense
to be based on a percentage of other cash flow items in the property?
a. Amount 1

b. Sub-lines
c. % of Other
d. Currency Amount / Vacant Area - Correct Answer-c. % of Other
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 amount 1 Varies window?
a. Copy Across & Down
b. Copy to End
c. Copy Column to End
d. Column - Correct Answer-c. Copy Column to End
When calculating a Market Leasing profile with the Upon Expiration set to Renewal,
Enterprise ________________________________________.
a. Assumes a 0% renewal
b. Takes a weighted average
c. Assumes the space goes dark
d. Assumes a 100% renewal - Correct Answer-d. Assumes a 100% renewal
The Upon Expiration field within the Market Leasing profile allows us to select any
overrides for past terms (T/F) - Correct Answer-False
The Gross Sale Price is calculated by taking the NOI to capitalize and dividing it by the
______________________, when using CAP NOI (12 Months After Sale). - Correct
Answer-Cap Rate
Tenant Improvements/Leasing Commissions can be subtracted out of the Resale
calculation (T/F) - Correct Answer-True
Parameters for the Discount Rate Change Interval on the IRR Matrix report can be
changed in the _________________ tab? - Correct Answer-Assumptions
Within the Investments tab, the _______________________ tab is used to calculate
notes outside of the AE system. - Correct Answer-Other Debt
By default, ARGUS Enterprise calculates loans on a 12 month basis (T/F) - Correct
Answer-True
Enter Other Debt information into the Valuation tab (T/F) - Correct Answer-False
When you have a one-time increase, or an increase that happens at different
increments 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 - Correct
Answer-

Net - Correct Answer-All recoverable expenses are paid by the tenant based on their
proportionate share of the building area.
Base Year Stop - Correct Answer-All recoverable expenses are paid by the tenant
based on their proportionate share of the building area over a stop amount, which is the
amount of annual recoverable expenses in the base year, or first year, of the lease
calculated by the system. If the tenant's lease begins prior to the analysis start date and
you select Base Year Stop, the calculated stop will use all reimbursable expenses in the
first year of the analysis.
Stop Amount - Correct Answer-Enter the building stop amount. Tenants for whom you
select this method will reimburse all recoverable expenses over the building stop
amount entered based on their proportionate share of the building area.
Stop Amount/Area - Correct Answer-Enter the building stop amount/area. Tenants for
whom you select this method will reimburse all recoverable expenses over the building
stop 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 by
the tenant each year. The fixed amount can be a single amount 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 will
be paid by the tenant each year. The fixed amount/area can be a single amount or it
can 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 be included in the Market calculation.
Base Year Stop +1 - Correct Answer-Expense stop will be established by the amount of
recoverable expenses in the recovery year following the year the lease begins. Note if
you select this method and the lease year is before the analysis start date, yet within the
first recovery year, then the expense stop will be set to equal the recoveries from the
second recovery year. If you select this method and the lease year is before the
analysis start date and prior to the start of the first recovery year, then the expense stop
will 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 of
recoverable expenses in the recovery year prior to year the lease begins. If you select
this method and the lease begins before the analysis, the expense stop will be set in the
same manner as the existing base year stop recovery method. If you select this method
and the lease begins during the first analysis year yet after the start of the second

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

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

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