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The Brokerage Agreement For Sale Of Property is a crucial document in Saudi Arabian real estate transactions that formalizes the relationship between property owners and licensed real estate brokers. It is typically used when a property owner wishes to engage a professional broker to market and sell their property in compliance with Saudi real estate regulations and Sharia law principles. The agreement covers essential aspects such as broker authorization, property details, commission structures, marketing requirements, and transaction facilitation procedures. This document is particularly important in the Saudi Arabian context due to specific regulatory requirements for real estate transactions, including broker licensing requirements, anti-money laundering compliance, and adherence to Islamic financial principles. It provides legal protection for all parties and establishes clear parameters for the successful marketing and sale of the property.

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

2. Background: Context of the agreement, including the owner's intention to sell the property and appointment of the broker

3. Definitions: Key terms used throughout the agreement, including Property, Commission, Exclusive Period, etc.

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of authorized services

5. Property Details: Comprehensive description of the property, including location, title details, and any encumbrances

6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including marketing efforts, showing property, and negotiation authority

7. Owner's Rights and Obligations: Owner's responsibilities, including providing accurate information and property access

8. Commission Structure: Terms of broker compensation, payment timing, and conditions for commission earning

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Compliance with Laws: Commitment to comply with Saudi real estate regulations and Sharia principles

11. Confidentiality: Obligations regarding confidential information handling

12. Dispute Resolution: Process for resolving disputes under Saudi law

13. Governing Law: Explicit statement of Saudi law governance and Sharia compliance

14. Notices: Process and requirements for formal communications between parties

15. General Provisions: Standard contractual provisions including amendments, severability, and entire agreement