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The Commercial Real Estate Listing Agreement is a crucial document in Saudi Arabia's commercial property market, used when property owners seek professional representation for marketing their commercial real estate assets. This agreement is essential for establishing clear, legally-binding relationships between property owners and licensed real estate brokers, ensuring compliance with Saudi Arabia's real estate regulations and Sharia law principles. It details the scope of marketing services, property specifications, commission structures, and respective obligations of all parties. The document has gained increased significance with Saudi Vision 2030's emphasis on real estate sector development and transparency, incorporating modern commercial practices while maintaining traditional legal requirements. It serves as both a regulatory compliance tool and a commercial framework, particularly important in major Saudi commercial centers where property transactions must adhere to strict regulatory standards.

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

2. Background: Context of the agreement, including the owner's intention to list the property and the broker's qualifications and licenses

3. Definitions: Key terms used throughout the agreement, including property-specific terminology and relevant Saudi real estate market terms

4. Appointment and Authority: Formal appointment of the broker and scope of authority granted, including any territorial or market segment limitations

5. Property Details: Comprehensive description of the commercial property, including location, size, specifications, and current condition

6. Listing Terms: Specific terms of the listing, including price range, lease terms if applicable, and duration of the listing agreement

7. Broker's Services and Obligations: Detailed description of services to be provided by the broker, including marketing strategy and showing procedures

8. Owner's Obligations: Property owner's responsibilities, including providing accurate information and maintaining the property

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

10. Marketing Authorization: Permissions for advertising, use of property images, and marketing methods

11. Compliance Requirements: Obligations to comply with Saudi laws, regulations, and Sharia principles

12. Term and Termination: Duration of the agreement and conditions for termination by either party

13. Dispute Resolution: Procedures for resolving disputes, including reference to Saudi commercial courts

14. Governing Law: Explicit statement of Saudi law application and Sharia compliance

15. Notices: Methods and addresses for official communications between parties