Real Estate Brokerage Law

Release Date:	1443-11-30
Release Tool:	Royal Decree
Issuance Instrument Number:	m/130
Validity:	Valid
Summary:	By AI King Salman bin Abdulaziz Al Saud approved the Real Estate Mediation Law in the Kingdom of Saudi Arabia, which requires mediators to organize their status within 180 days. The law includes definitions of real estate mediation and related services, and it mandates obtaining a license from the competent authority. The law addresses the provisions of mediation contracts, which must be written and deposited with the authority, and specifies the mediator's commission. It also stipulates the necessity...

Release Date:

1443-11-30

Release Tool:

Royal Decree

Issuance Instrument Number:

m/130

Validity:

Valid

Summary:

By AI

King Salman bin Abdulaziz Al Saud approved the Real Estate Mediation Law in the Kingdom of Saudi Arabia, which requires mediators to organize their status within 180 days. The law includes definitions of real estate mediation and related services, and it mandates obtaining a license from the competent authority. The law addresses the provisions of mediation contracts, which must be written and deposited with the authority, and specifies the mediator's commission. It also stipulates the necessity...