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Listing Agent Agreement
"I need a Listing Agent Agreement for my luxury residential villa in Riyadh, with exclusive rights for 6 months starting March 2025, including international marketing rights and a protection period of 3 months."
1. Parties: Identification of the property owner and the listing agent/broker, including full legal names, licenses, and contact details
2. Background: Context of the agreement, including property owner's intention to sell/lease and agent's qualifications
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Listing Period', 'Commission', 'Exclusive Rights', etc.
4. Appointment and Scope: Formal appointment of the agent and detailed scope of services to be provided
5. Term and Duration: Listing period, effective date, and any automatic renewal provisions
6. Agent's Rights and Obligations: Detailed listing and marketing services, reporting requirements, and standard of service
7. Property Owner's Rights and Obligations: Property owner's responsibilities, including providing accurate information and access to the property
8. Commission Structure: Detailed commission rates, payment terms, and conditions for commission earning
9. Marketing and Advertising: Agreed marketing approach, advertising methods, and cost responsibilities
10. Compliance and Legal Requirements: Compliance with Saudi real estate regulations and Sharia principles
11. Termination: Grounds for termination, notice requirements, and post-termination obligations
12. Governing Law and Dispute Resolution: Application of Saudi law and method of resolving disputes
1. Protection Period: Used when the parties want to specify a period after termination during which the agent remains entitled to commission for specific prospects
2. Sub-Agents: Include when the agent may need to engage other licensed professionals
3. International Marketing: Required for properties targeting international buyers/tenants, including additional marketing obligations
4. Property Management: Include when the agent will provide additional property management services
5. Digital Marketing Rights: Specific provisions for online marketing and social media promotion
6. Confidentiality: Detailed confidentiality obligations when dealing with high-value or sensitive properties
7. Force Majeure: Include specific provisions for unforeseen circumstances affecting performance
1. Property Details Schedule: Detailed description of the property, including location, specifications, and condition
2. Commission Schedule: Detailed breakdown of commission structures for different transaction types
3. Marketing Plan: Detailed marketing strategy and activities to be undertaken
4. Required Documentation: List of necessary documents for property listing and sale/lease
5. Agent's License and Credentials: Copies of relevant licenses and professional certifications
6. Listing Price Analysis: Market analysis and pricing strategy documentation
7. Service Level Agreement: Detailed performance metrics and service standards
Authors
Real Estate
Commercial Property
Residential Property
Retail Property
Industrial Property
Hospitality
Mixed-Use Development
Property Development
Property Investment
Legal
Real Estate
Sales
Business Development
Compliance
Operations
Property Management
Marketing
Contract Administration
Transaction Processing
Real Estate Agent
Property Broker
Real Estate Manager
Property Owner
Legal Counsel
Compliance Officer
Real Estate Director
Business Development Manager
Property Management Officer
Real Estate Operations Manager
Contract Administrator
Real Estate Transaction Coordinator
Sales Director
Marketing Manager
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