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Listing Agent Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Listing Agent Agreement

"I need a Listing Agent Agreement for my luxury residential villa in Riyadh, with exclusive rights for 6 months starting March 2025, including international marketing rights and a protection period of 3 months."

Document background
The Listing Agent Agreement is a crucial document in Saudi Arabian real estate transactions, used when a property owner wishes to engage a professional real estate agent or brokerage to market and sell/lease their property. This agreement must align with Saudi Arabian real estate regulations, including Royal Decree No. M/85 governing real estate brokerage activities, and conform to Sharia law principles. The document establishes the agent's authority, scope of services, commission structure, and marketing rights while protecting both parties' interests. It typically includes specific provisions for property marketing, price determination, commission payment terms, and compliance with local real estate practices. The agreement is essential for both residential and commercial properties and must be properly executed to be enforceable under Saudi law.
Suggested Sections

1. Parties: Identification of the property owner and the listing agent/broker, including full legal names, licenses, and contact details

2. Background: Context of the agreement, including property owner's intention to sell/lease and agent's qualifications

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

4. Appointment and Scope: Formal appointment of the agent and detailed scope of services to be provided

5. Term and Duration: Listing period, effective date, and any automatic renewal provisions

6. Agent's Rights and Obligations: Detailed listing and marketing services, reporting requirements, and standard of service

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

8. Commission Structure: Detailed commission rates, payment terms, and conditions for commission earning

9. Marketing and Advertising: Agreed marketing approach, advertising methods, and cost responsibilities

10. Compliance and Legal Requirements: Compliance with Saudi real estate regulations and Sharia principles

11. Termination: Grounds for termination, notice requirements, and post-termination obligations

12. Governing Law and Dispute Resolution: Application of Saudi law and method of resolving disputes

Optional Sections

1. Protection Period: Used when the parties want to specify a period after termination during which the agent remains entitled to commission for specific prospects

2. Sub-Agents: Include when the agent may need to engage other licensed professionals

3. International Marketing: Required for properties targeting international buyers/tenants, including additional marketing obligations

4. Property Management: Include when the agent will provide additional property management services

5. Digital Marketing Rights: Specific provisions for online marketing and social media promotion

6. Confidentiality: Detailed confidentiality obligations when dealing with high-value or sensitive properties

7. Force Majeure: Include specific provisions for unforeseen circumstances affecting performance

Suggested Schedules

1. Property Details Schedule: Detailed description of the property, including location, specifications, and condition

2. Commission Schedule: Detailed breakdown of commission structures for different transaction types

3. Marketing Plan: Detailed marketing strategy and activities to be undertaken

4. Required Documentation: List of necessary documents for property listing and sale/lease

5. Agent's License and Credentials: Copies of relevant licenses and professional certifications

6. Listing Price Analysis: Market analysis and pricing strategy documentation

7. Service Level Agreement: Detailed performance metrics and service standards

Authors

Alex Denne

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

Relevant legal definitions



































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Mixed-Use Development

Property Development

Property Investment

Relevant Teams

Legal

Real Estate

Sales

Business Development

Compliance

Operations

Property Management

Marketing

Contract Administration

Transaction Processing

Relevant Roles

Real Estate Agent

Property Broker

Real Estate Manager

Property Owner

Legal Counsel

Compliance Officer

Real Estate Director

Business Development Manager

Property Management Officer

Real Estate Operations Manager

Contract Administrator

Real Estate Transaction Coordinator

Sales Director

Marketing 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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