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Listing Agreement for Saudi Arabia

Listing Agreement Template for Saudi Arabia

A comprehensive agreement governed by Saudi Arabian law that establishes the legal relationship between a property owner/seller and a licensed real estate broker. The document outlines the terms under which the broker will market and sell the property, including commission structures, marketing obligations, and service commitments. It incorporates requirements from Saudi real estate regulations, including broker licensing requirements and Sharia-compliant transaction principles, while defining the scope of authority granted to the broker and protecting both parties' interests in the property transaction process.

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What is a Listing Agreement?

This Listing Agreement is a crucial document used in Saudi Arabian real estate transactions to formalize the relationship between property owners and licensed real estate brokers. It is essential when a property owner wishes to engage a professional broker to market and sell their property in compliance with Saudi regulations and Sharia principles. The agreement covers key aspects such as broker authorization, property details, commission structures, marketing obligations, and term duration. It must align with the Real Estate Broker Law (Royal Decree No. M/28) and related regulations governing real estate transactions in Saudi Arabia. The document serves as both a legal protection and operational framework, ensuring clear understanding of roles, responsibilities, and financial arrangements between the parties involved.

What sections should be included in a Listing Agreement?

1. Parties: Identification of the property owner/seller and the real estate broker, including their full legal names, addresses, and licensing 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 throughout the agreement, including Property, Listing Period, Commission, and other relevant terms

4. Appointment and Authority: Clear statement of the broker's appointment and scope of authority to market and sell the property

5. Property Details: Comprehensive description of the property being listed, including its legal description and current condition

6. Listing Price: Agreed listing price and any conditions regarding price adjustments

7. Commission Structure: Detailed breakdown of the broker's commission, payment terms, and conditions for commission earning

8. Term and Termination: Duration of the listing agreement and conditions for early termination

9. Broker's Obligations: Detailed listing of the broker's duties, marketing commitments, and service standards

10. Owner's Obligations: Property owner's responsibilities, including providing accurate information and property access

11. Representations and Warranties: Statements of fact and guarantees from both parties regarding their capacity and authority

12. Compliance with Laws: Commitment to comply with Saudi real estate laws and Sharia principles

13. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant jurisdiction for disputes

What sections are optional to include in a Listing Agreement?

1. Multiple Listing Service: Terms for listing on MLS platforms, used when the property will be listed on multiple platforms

2. International Marketing: Additional terms for marketing to international buyers, included when targeting foreign investors

3. Property Management: Terms for additional property management services if the broker will manage the property

4. Digital Marketing Rights: Specific terms for digital and social media marketing, used when extensive online promotion is planned

5. Protection Period: Terms protecting the broker's commission rights after agreement termination, used in high-value properties

6. Exclusive Agency Rights: Additional terms when the listing is exclusive rather than non-exclusive

7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain market conditions

What schedules should be included in a Listing Agreement?

1. Schedule 1 - Property Details: Detailed property specifications, including lot size, built-up area, and amenities

2. Schedule 2 - Marketing Plan: Detailed marketing strategy and timeline

3. Schedule 3 - Commission Schedule: Detailed breakdown of commission structures and payment terms

4. Schedule 4 - Property Photos and Floor Plans: Visual documentation of the property

5. Schedule 5 - Property Documents: List of all relevant property documents, titles, and certificates

6. Appendix A - Broker's License: Copy of broker's valid Saudi real estate license

7. Appendix B - Property Ownership Documents: Copies of title deed and other ownership documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions



































Clauses

































Relevant Industries

Real Estate

Property Development

Real Estate Investment

Commercial Property

Residential Property

Property Management

Real Estate Brokerage

Construction

Property Investment

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Assets and Investments

Contracts Administration

Risk Management

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Sales Director

Business Development Manager

Property Developer

Real Estate Investment Manager

Legal Counsel

Compliance Officer

Contract Manager

Real Estate Portfolio Manager

Asset Manager

Property Valuation Specialist

Real Estate Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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