Real Estate Listing Contract Template for Saudi Arabia

The Real Estate Listing Contract is a fundamental document in Saudi Arabian property transactions, used when a property owner wishes to engage a licensed real estate broker to market and sell their property. This agreement is essential for establishing clear terms of engagement, defining the scope of the broker's services, and ensuring compliance with Saudi Arabian real estate regulations and Islamic Shariah principles. It typically includes detailed property information, commission structures, marketing authorizations, and specific obligations of both parties. The document must conform to the Real Estate Broker Law (issued by Royal Decree No. M/7) and its implementing regulations, while also incorporating necessary anti-money laundering compliance elements. This contract type is particularly important in the Saudi market where professional real estate brokerage is highly regulated and requires specific documentation to ensure legal compliance.

1. Parties: Identification of the property owner/seller and the licensed real estate broker, including their full legal names, addresses, and license details

2. Background: Context of the agreement and confirmation that the broker is duly licensed under Saudi law to provide real estate services

3. Definitions: Key terms used in the agreement, including property-specific terminology and relevant Saudi real estate terms

4. Property Details: Comprehensive description of the property, including location, type, size, and registration details as per Saudi property records

5. Scope of Services: Detailed outline of the broker's services, marketing approach, and obligations under Saudi brokerage regulations

6. Listing Terms: Property listing price, duration of the listing agreement, and any pricing flexibility

7. Commission Structure: Clear statement of the broker's commission rate, payment terms, and conditions as per Saudi regulations

8. Property Owner's Obligations: Responsibilities of the property owner, including providing accurate information and necessary documentation

9. Marketing Authorization: Permission for specific marketing activities and use of property information/images

10. Compliance Statements: Declarations regarding adherence to Saudi real estate laws and anti-money laundering requirements

11. Termination: Conditions and process for ending the agreement, including notice requirements

12. Governing Law: Confirmation of Saudi law application and Shariah compliance

13. Execution: Signature blocks and attestation requirements as per Saudi law