tiktok���˰�

The Commercial Mortgage Broker Agreement is essential for businesses seeking commercial property financing in Saudi Arabia through professional intermediaries. This document is specifically designed for use when engaging a licensed mortgage broker to source and arrange Sharia-compliant commercial mortgage financing. It becomes necessary when a commercial entity requires expert assistance in navigating the Saudi Arabian commercial mortgage market, ensuring compliance with Islamic finance principles and SAMA regulations. The agreement covers crucial aspects such as broker responsibilities, fee structures, compliance requirements, and service standards, while incorporating necessary provisions for anti-money laundering regulations and consumer protection requirements. It's particularly relevant for large-scale commercial property transactions where professional brokerage services are required to secure appropriate financing solutions.

1. Parties: Identification of the mortgage broker and the client, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, including the broker's qualifications, licenses, and the client's intention to seek commercial mortgage financing

3. Definitions: Key terms used throughout the agreement, including specific Saudi Arabian regulatory and Islamic finance terminology

4. Scope of Services: Detailed description of broker's services, including mortgage sourcing, documentation assistance, and negotiation support

5. Sharia Compliance: Specific provisions ensuring all services and arrangements comply with Islamic finance principles

6. Broker's Obligations: Detailed responsibilities including due diligence, documentation, market analysis, and client communication

7. Client's Obligations: Client's responsibilities including information provision, documentation, and cooperation requirements

8. Fees and Commission: Structure and timing of broker's compensation, including success fees and any third-party costs

9. Confidentiality: Provisions for handling sensitive information and client data protection

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

11. Regulatory Compliance: Compliance with SAMA regulations, anti-money laundering laws, and other applicable regulations

12. Representations and Warranties: Standard declarations from both parties regarding capacity, authority, and compliance

13. Limitation of Liability: Scope and limits of broker's liability in accordance with Saudi law

14. Dispute Resolution: Process for resolving disputes under Saudi Arabian law and jurisdiction

15. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions