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The Real Estate Agent Contract With Broker is a crucial document used in Saudi Arabia to formalize the relationship between real estate brokers and their agents. This agreement is essential for compliance with Saudi Arabian real estate regulations, particularly the Real Estate Broker Law and related commercial legislation. It is typically used when a licensed broker wishes to engage real estate agents to operate under their supervision and license. The document encompasses vital elements including commission structures, operational procedures, compliance requirements, and dispute resolution mechanisms, all aligned with Shari'ah principles. It serves as a foundational document for real estate professionals operating in Saudi Arabia, ensuring clear delineation of rights, responsibilities, and regulatory obligations while protecting both parties' interests in accordance with local law.

1. Parties: Identification of the broker and real estate agent, including license numbers and contact details

2. Background: Context of the agreement and the intention to establish a broker-agent relationship

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Appointment and Scope: Formal appointment of the agent and detailed scope of authorized activities

5. Term of Agreement: Duration of the agreement, including start date and initial term

6. Broker's Obligations: Comprehensive list of broker's duties, responsibilities, and support services

7. Agent's Obligations: Detailed responsibilities of the agent, including compliance requirements and performance standards

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and calculation methods

9. Compliance Requirements: Obligations to comply with Saudi real estate laws, anti-money laundering requirements, and other regulations

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

11. Non-Competition: Restrictions on competitive activities during and after the agreement

12. Termination: Grounds and procedures for termination, including notice requirements

13. Governing Law: Specification of Saudi law and Shari'ah principles as governing law

14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction of Saudi courts