1|Page
ARGUS CERTIFICATION EXAM, PRACTICE EXAM AND STUDYGUIDE
EXAM LATEST 2025 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
When your resale calculation is set to CAP NOI (12 months after
sale), which year's NOI will be used when analyzing a 6-year
analysis? - ANSWER-7th
If 12% is a desired return, enter 12% in the ______________
parent tab. - ANSWER-Valuation
When reimbursing expenses according to a Base Year Stop
structure, what does the tenant pay in recoveries the first year of
their lease? - ANSWER-$0
If a tenant's space is available, but sitting vacant before they
move in and you want to show that vacancy on the reports, what
do you need to enter in for the Lease dates? - ANSWER-The
Available date needs to be when the space is available and the
Start date needs to be when the tenant's lease begins
,2|Page
T/F
Step Rent increases can be applied in the Step Rent field or in the
Base Rent varies window - ANSWER-True
NOI 2020: $415,415
NOI 2021: $404,263
Resale Cap Rate of 10%
Adjustments of 3%
Assuming a sale date of Dec 2020, what will be the net proceeds
from sale if we have a resale calc that capitalizes the NOI 12
months after the sale? - ANSWER-404,263/.10 = $4,042,630
$4,042,630 - ($4,042,630*.03) = $3,921,351
NOI 2020: $415,415
NOI 2021: $404,263
,3|Page
Resale Cap Rate of 10%
Adjustments of 3%
Assuming a sale date of Dec 2020, what will be the net proceeds
from sale if we have a resale calc that capitalizes the NOI of the
sale year? - ANSWER-415,415/.1 = $4,154,150
$4,154,150 - ($4,154,150*.03) = $4,029,526
When using an Available date that is before the Start date, the
loss in potential rent (Base Rental Revenue) can be shown on
which report?
A. Lease Audit
B. Tenant Cash Flow
C. Executive Summary
D. Recovery Audit - ANSWER-Lease Audit
, 4|Page
________________ is used in retail properties where tenants are
expected to pay a percentage of their sales to the property owner
- ANSWER-Percentage Rent
What is the default calculation formula for Chargeable Sales? -
ANSWER-Sales Volume - Breakpoint
Calculate the General Vacancy Loss using the following
assumptions:
Potential Gross Rev: $800,000
Absorption & Turnover Vacancy: $20,000
Calculation: 5% of Potential Gross Rev - ANSWER-800,000 +
20,000 = 820,000(.05) = 41,000 - 20,000 = $21,000
T/F
Additional principal payments can be factored into the loan
computations - ANSWER-True
ARGUS CERTIFICATION EXAM, PRACTICE EXAM AND STUDYGUIDE
EXAM LATEST 2025 ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
When your resale calculation is set to CAP NOI (12 months after
sale), which year's NOI will be used when analyzing a 6-year
analysis? - ANSWER-7th
If 12% is a desired return, enter 12% in the ______________
parent tab. - ANSWER-Valuation
When reimbursing expenses according to a Base Year Stop
structure, what does the tenant pay in recoveries the first year of
their lease? - ANSWER-$0
If a tenant's space is available, but sitting vacant before they
move in and you want to show that vacancy on the reports, what
do you need to enter in for the Lease dates? - ANSWER-The
Available date needs to be when the space is available and the
Start date needs to be when the tenant's lease begins
,2|Page
T/F
Step Rent increases can be applied in the Step Rent field or in the
Base Rent varies window - ANSWER-True
NOI 2020: $415,415
NOI 2021: $404,263
Resale Cap Rate of 10%
Adjustments of 3%
Assuming a sale date of Dec 2020, what will be the net proceeds
from sale if we have a resale calc that capitalizes the NOI 12
months after the sale? - ANSWER-404,263/.10 = $4,042,630
$4,042,630 - ($4,042,630*.03) = $3,921,351
NOI 2020: $415,415
NOI 2021: $404,263
,3|Page
Resale Cap Rate of 10%
Adjustments of 3%
Assuming a sale date of Dec 2020, what will be the net proceeds
from sale if we have a resale calc that capitalizes the NOI of the
sale year? - ANSWER-415,415/.1 = $4,154,150
$4,154,150 - ($4,154,150*.03) = $4,029,526
When using an Available date that is before the Start date, the
loss in potential rent (Base Rental Revenue) can be shown on
which report?
A. Lease Audit
B. Tenant Cash Flow
C. Executive Summary
D. Recovery Audit - ANSWER-Lease Audit
, 4|Page
________________ is used in retail properties where tenants are
expected to pay a percentage of their sales to the property owner
- ANSWER-Percentage Rent
What is the default calculation formula for Chargeable Sales? -
ANSWER-Sales Volume - Breakpoint
Calculate the General Vacancy Loss using the following
assumptions:
Potential Gross Rev: $800,000
Absorption & Turnover Vacancy: $20,000
Calculation: 5% of Potential Gross Rev - ANSWER-800,000 +
20,000 = 820,000(.05) = 41,000 - 20,000 = $21,000
T/F
Additional principal payments can be factored into the loan
computations - ANSWER-True
