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The Real Estate Agent Agreement is a crucial document used in Saudi Arabia's property market to formalize the relationship between property owners and licensed real estate agents or brokers. This agreement is essential when a property owner wishes to engage professional services for the marketing, sale, or lease of their property. It ensures compliance with Saudi Arabian regulations, including the Real Estate Broker Law and Sharia principles, while protecting the interests of all parties involved. The document typically includes detailed specifications about the property, scope of services, commission structures, marketing strategies, and compliance requirements. It's particularly important in Saudi Arabia's evolving real estate market, where professional representation is increasingly vital for successful property transactions.

1. Parties: Identification of the property owner/seller and the real estate agent/broker, including full legal names, addresses, and licensing details of the broker

2. Background: Context of the agreement, including brief description of the property and the owner's intention to engage the agent

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Services', 'Commission', 'Exclusive Period' if applicable

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

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

6. Agent's Obligations: Detailed responsibilities of the agent including marketing efforts, showing property, negotiating, and compliance with laws

7. Owner's Obligations: Property owner's responsibilities, including providing accurate information and necessary documentation

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission eligibility

9. Property Details: Comprehensive description of the property, including location, specifications, and current status

10. Compliance: Commitment to comply with Saudi laws, regulations, and Sharia principles

11. Confidentiality: Obligations regarding confidential information and client privacy

12. Liability and Indemnification: Scope of agent's liability and indemnification provisions

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

14. Execution: Signature blocks and execution requirements