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The Property Broker Agreement is essential for formalizing relationships between property owners and real estate brokers in Saudi Arabia. This document is typically used when a property owner wishes to engage a professional broker to market, sell, or lease their property in compliance with Saudi Arabian regulations. The agreement outlines the broker's responsibilities, commission structure, and service scope while ensuring adherence to local real estate laws, including the Real Estate Broker Regulation and Shariah principles. It includes critical provisions for property marketing rights, transaction handling, commission terms, and regulatory compliance. The document is particularly important in the Saudi Arabian context due to specific local requirements for real estate transactions and the need to maintain proper documentation for regulatory authorities.

1. Parties: Identification of the property owner/seller and the broker, including full legal names, addresses, and commercial registration details

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

3. Definitions: Key terms used in the agreement, including 'Property', 'Commission', 'Successful Transaction', etc.

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

5. Broker's Rights and Obligations: Detailed listing of broker's responsibilities, including marketing, showing property, negotiating, etc.

6. Owner's Rights and Obligations: Owner's commitments, including providing accurate information, access to property, and cooperation

7. Commission Structure: Details of broker's compensation, payment terms, and conditions for commission eligibility

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Regulatory Compliance: Compliance with Saudi real estate regulations and anti-money laundering requirements

10. Representations and Warranties: Standard declarations by both parties regarding authority, capacity, and compliance

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

12. Liability and Indemnification: Allocation of risks and responsibilities between parties

13. Force Majeure: Provisions for unforeseen circumstances preventing performance

14. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant courts for dispute resolution

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