Difference between Classic RE and RE-FX  (Real Estate Management)?

Hi all,
I am in a product developement team for developing a industrial Solution for HomeBuilding, for that we require Real estate(RE) Management Component....
So i want to know some of the basics of the RE....
Can someone explain me,
<b>1) The difference between Classic RE and RE-FX.
2) Now which we have to use for Homebuilding.
3) what are the prerequisites for using RE or RE-FX.
4) From which version they are available. can we still use classic RE.
5) What is the difference in using RE Management as individual application and as a part of Homebuilding....
</b>
Hope your answers will be as simpler and eloborate so as to my understading as a fresher in this field....
I Expect more links for online resources, presentations and Documents if any...
Thanks in advance....
Regards,
Karthik D

<b>So you want to know some of the basics of the RE....</b>
Real Estate Management module is more robust in managing Real Estate properties for activities and processes like leasing, property maintenance like manging repairs etc (when attached to Plant Maintenance module). You can also use it for Lease in's. (caution: please associate 'renting' wherever lease is mentioned, not to get confused with lease of machinery or financia lease etc.)
The <b>main</b> master data in RE are like  Business Entity,Property,  Buildings, Rental Units and Leaseout. These are called RE-Objects and they are also <b>Controlling objects.</b> For example let's take Spenzer Plaza in Chennai and you are the owner. The whole Spencer Plaza will be a <b>Business Entity</b>. The land in there will be created as a <b>Property</b> and the building structure as <b>Building</b>. The several floors or the individual rentable portions will be created as <b>Rental Units</b>. When 'Planet M' approaches you to rent one of the floors, you create a <b>Lease out</b> with reference to one of the Rental Unit.
The system automatically creates a schecule of periodic rentals called cash flow and it has the capabilities to debit the customer Planet M account with the rent due. etc.
You can also maintain information to land through Land Register.
<b>2) Now which we have to use for Homebuilding.</b> and
<b>5) What is the difference in using RE Management as individual application and as a part of Homebuilding....</b>
These are not used for Homebuilding.
<b>3) what are the prerequisites for using RE or RE-FX.</b>
You need to have FI and CO before you can use REM.
<b>4) From which version they are available. can we still use classic RE.</b>
4.5B onwards RE was introduced as a Inudstry specific module under FI. It became as a part of FI  from 4.6B December 1999. The RE-FX cameinto effect from Enterprise version.
You can continue to use RE Classic even in later releases. But once you activate the RE-FX you can no longer user Classic. There is a switch to start using RE-FX.
<b>1) The difference between Classic RE and RE-FX.</b>
There were some restriction in classic RE that you must have an RE Objects before you can create a contract. In RE-FX these have been removed. For more information on RE-FX you can read the release notes available on SAP's help portal.

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