REGA Launches Service to Create Brokerage Contracts Between Brokers
الهيئة العامة للعقار تُطلق خدمة إنشاء عقود الوساطة بين الوسطاء
The Real Estate General Authority (REGA) launched, on Monday, 21 April 2025, the "Broker-to-Broker Sub-Contract" service, enabling documentation of relationships between a main broker and a sub-broker through a sub-brokerage contract that defines obligations, financial rights, earnest money distribution, and mutual contract approval. This is the third type of brokerage contract, alongside the broker-owner and broker-buyer contracts. REGA stated the service requires an active brokerage contract with the property owner and a valid FAL License for the sub-broker, and that the sub-contract's expiration date must not exceed that of the main contract.
Saudi regulatory updates, in one morning brief
Bawadir tracks what Saudi regulators issue and delivers what needs your attention each working morning. Your email is all we ask for.
Free. One click to unsubscribe, any time.