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The Real Estate Broker Contract is a fundamental document used in Saudi Arabian property transactions to formalize the relationship between licensed real estate brokers and their clients. This agreement is essential for compliance with the Ministry of Commerce regulations and Real Estate General Authority (REGA) requirements, while adhering to Islamic Shariah principles. The contract typically covers crucial elements such as scope of services, commission structures, broker obligations, and client responsibilities. It's particularly important in the Saudi market where real estate transactions must follow specific regulatory frameworks and professional standards. The document serves as both a legal protection mechanism and a operational guideline for property transactions, whether for residential, commercial, or investment purposes.

1. Parties: Identification of the broker and the client, including license numbers, commercial registration details, and contact information

2. Background: Context of the agreement and brief description of the parties' intentions

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

4. Scope of Services: Detailed description of the brokerage services to be provided, including specific responsibilities and exclusions

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

6. Broker's Obligations: Detailed listing of the broker's duties, professional standards, and compliance requirements

7. Client's Obligations: Client's responsibilities, including providing necessary information and cooperation

8. Commission Structure: Details of fees, commission rates, payment terms, and conditions for commission earning

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

10. Compliance with Laws: Commitment to comply with Saudi laws, REGA regulations, and Shariah principles

11. Liability and Indemnification: Scope of liability, limitations, and indemnification obligations

12. Force Majeure: Provisions for unforeseen circumstances and their impact on obligations

13. Notices: Methods and requirements for formal communications between parties

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanisms

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