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Maintaining a Real Estate Item 
You use real estate in the financial service quotation (FS quotation) as an asset to safeguard a loan or as an object to be financed. In day-to-day business, it is usual that the object to be financed and the asset are one and the same thing.
● You have made the Customizing settings for pricing.
For more information, see the Implementation Guide (IMG) for Financial Services under Basic Functions ® Pricing.
For general
information on pricing, see
Maintaining Pricing in
Business Transactions.
● You have made the Customizing settings for date management.
For more information, see the Implementation Guide (IMG) for Customer Relationship Management under Basic Functions ® Date Management.
● To control which changes to transaction items result in changes to other items, you have define monitor profiles and execution profiles in Customizing.
For more information, see the Implementation Guide (IMG) for Financial Services under Basic Functions ® Cross-Item Functions ® Cross-Item Processing for Changes to Transaction.
● You have define the possible usage types in Customizing so you can define how the customer uses the real estate during maintenance of the real estate item.
For more information, see the Implementation Guide (IMG) for Financial Services under Account Origination ® Financial Service Product (FS Product) ® Property Values ® Real Estate ® Define Usages.
● To estimate the market value of real estate, you have defined possible values in Customizing to describe the situation and environment of the real estate.
For more information, see the Implementation Guide (IMG) for Financial Services under Account Origination ® Financial Service Product (FS Product) ® Property Values ® Real Estate.

As SAP Customer Relationship Management (SAP CRM) transfers the collateral objects to Collateral Management, the settings that you define for the collateral objects must match the settings in the backend system.
● To map real estate as a product, you have created a product of the type Material, category Real Estate and transferred this product to the business transaction.
● You enter terms and conditions for the real estate item.
● You enter the specific data for the real estate, for example the year of construction or the specific location.

Object details and object location are integrated in the business transaction as set types. For more information, see Set Types for Business Transactions.
● If the real estate item is used as an asset in a collateral constellation, you can make settings for these relationships. For more information, see Maintaining the Relationships in a Collateral Constellation.
● You can transfer collateral objects and collateral agreements that already exist in Collateral Management to the FS quotation.
For more information, see Transfer of Existing Collateral.
● If you set the status Signed for an FS quotation, the system distributes the data for object and collateral agreement to Collateral Management. For more information, see Distributing Collateral Data.