The Listing Release Form is a fundamental document in Saudi Arabian real estate transactions, required whenever a property owner wishes to engage a licensed real estate broker to market their property. This document type emerged from the need to standardize property listing procedures and ensure compliance with Saudi Arabia's evolving real estate regulations and Sharia principles. The form includes crucial elements such as property details, marketing authorizations, broker obligations, and owner warranties, while incorporating requirements from the Real Estate General Authority (REGA). It serves as both a legal protection mechanism and a operational framework, particularly important in Saudi Arabia's growing real estate market where regulatory compliance and proper documentation are essential.
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1. Parties: Identification of the property owner(s) and the licensed real estate broker/agency, including their official registration numbers and contact details
2. Background: Brief context explaining the purpose of the listing release form and the intent to market the property
3. Definitions: Key terms used throughout the agreement, including technical real estate terms and regulatory references
4. Property Details: Comprehensive description of the property, including location, type, size, and legal status
5. Listing Authorization: Express permission granted to the broker to market and show the property
6. Listing Period: Duration of the listing agreement with specific start and end dates
7. Listing Price: Agreed listing price and any conditions regarding price negotiations
8. Broker's Rights and Obligations: Detailed responsibilities of the broker in marketing and showing the property
9. Owner's Representations and Warranties: Property owner's confirmations regarding property ownership, condition, and authority to sell
10. Marketing Authorization: Specific permissions for various marketing methods and platforms
11. Termination: Conditions and process for ending the listing agreement
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution procedures
1. Multiple Owner Provisions: Additional terms for properties with multiple owners or inheritance considerations
2. Special Property Features: Section for unique property characteristics requiring specific marketing approaches
3. International Marketing: Additional provisions for marketing to international buyers
4. Digital Marketing Specifics: Detailed terms for online and social media marketing when applicable
5. Property Access Arrangements: Special arrangements for property viewing if occupied or requiring specific access protocols
6. Commercial Property Provisions: Additional terms specific to commercial property listings
7. Shariah Compliance Declaration: Specific declaration of compliance with Islamic principles for certain types of properties or transactions
1. Schedule 1: Property Documentation: Copies of property title deeds, plans, and registration documents
2. Schedule 2: Property Photographs: Approved photographs and visual materials for marketing
3. Schedule 3: Property Condition Report: Detailed assessment of property condition and features
4. Schedule 4: Pricing Analysis: Market analysis and comparable property data supporting the listing price
5. Schedule 5: Marketing Plan: Detailed marketing strategy and planned activities
6. Appendix A: Required Regulatory Disclosures: Mandatory disclosures required by Saudi real estate regulations
7. Appendix B: Owner's Authorization Documents: Powers of attorney or other authorization documents if applicable
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Commercial Property
Residential Property
Legal Services
Property Management
Real Estate Investment
Construction
Property Technology
Islamic Finance
Relevant Teams
Legal
Real Estate Operations
Compliance
Property Management
Sales
Documentation
Business Development
Risk Management
Client Relations
Transaction Processing
Relevant Roles
Real Estate Broker
Property Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Real Estate Investment Manager
Contract Administrator
Real Estate Operations Manager
Property Portfolio Manager
Legal Documentation Specialist
Real Estate Transaction Coordinator
Sharia Compliance Officer
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