What is a brokerage contract, and why does your listing need one?
What is a brokerage contract?
The brokerage contract Raghdan signs with you is a non-exclusive marketing contract registered on the Real Estate General Authority's platform. Under it Raghdan markets your property, and you remain free to sell or lease it yourself.
Why does your listing need one?
The Real Estate Brokerage Law requires a licence for every property ad, and the licence is issued only with a marketing contract registered with the Authority. So your listing is published after the contract is registered and you approve it, with a licence number and barcode.
What you get
- Deed verification before you pay.
- A non-exclusive marketing contract and an ad licence from the Real Estate General Authority.
- Publishing on Raghdan and on your accounts, under your own number.
- No commission on sale or lease.
How much do you pay?
| Property type | Request fee |
|---|---|
| Residential | SAR 499 |
| Commercial | SAR 599 |
One payment for a listing of 3 to 12 months.
The amount written in the contract
The law requires the broker's fee to be stated in the marketing contract, so we write in it exactly the amount you paid us. What you see on the Authority's platform matches your invoice.
No commission on sale or lease. You are not asked for any other amount, and nothing is deducted from the deal.
The launch offer
Once the fee for any listing is paid during the offer period, your Raghdan wallet is automatically credited with the value of a lease documentation:
| Property type | Credit added to your wallet |
|---|---|
| Residential | SAR 249 |
| Commercial | SAR 349 |
- It is added on top of any balance already in your wallet, whatever the listing's purpose (sale or lease).
- You use it on the Raghdan platform, such as for documenting a lease when you agree with a tenant.
- It cannot be withdrawn to your bank account.
- If the request is refunded because it was not approved in time, the offer credit is taken back from your wallet along with the refund of the request fee.