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The Real Estate Agent Contract is a crucial document used in Saudi Arabia to formalize the relationship between property owners and licensed real estate agents. This agreement is essential when engaging professional real estate services for property sales, leasing, or management within the Kingdom. The document must comply with Saudi Arabia's Real Estate Broker Law, related regulations, and Shariah principles, while incorporating recent reforms under Vision 2030 that have modernized the real estate sector. It typically includes detailed provisions on service scope, commission structures, marketing rights, and regulatory compliance requirements. The contract is particularly important given Saudi Arabia's growing real estate market and increased focus on transparency and professionalization in the sector.

1. Parties: Identification of the principal (property owner/seller) and the real estate agent/broker, including license numbers and official registration details as required by Saudi law

2. Background: Context of the agreement and confirmation that the agent is duly licensed under Saudi Real Estate Broker Law

3. Definitions: Key terms used in the agreement, including specific Saudi real estate terminology and regulatory references

4. Appointment and Scope of Services: Formal appointment of the agent and detailed description of authorized services, including any territorial limitations

5. Agent's Obligations: Detailed responsibilities including compliance with Saudi regulations, Shariah principles, and professional standards

6. Principal's Obligations: Property owner's responsibilities, including provision of accurate information and necessary documentation

7. Commission Structure: Clear specification of fees, commission rates, and payment terms in compliance with local market practices

8. Term and Termination: Duration of the agreement and conditions for termination by either party

9. Compliance with Laws: Specific reference to compliance with Saudi real estate laws, anti-money laundering regulations, and other relevant legislation

10. Confidentiality: Obligations regarding confidential information and client data protection

11. Dispute Resolution: Process for resolving disputes, including reference to Saudi courts or authorized arbitration bodies

12. Governing Law: Explicit statement that the agreement is governed by Saudi law and Shariah principles