Electronic Matching Commission Notice & Consent
Monnara Real Estate (Manara Al-Asriya Real Estate Est. — FAL license no. I200001605)
1. Definitions
- "Platform": Monnara Real Estate, operated by Manara Al-Asriya Company. - "User": any party (seeker or advertiser) not subscribed to the Gold plan at the time the match is completed. - "Matching process": the electronic connection between the user and another party via the platform's smart assistant (ASKIB) or any matching mechanism belonging to the platform. - "Commission": the percentage due to the platform upon completion of an actual transaction resulting from a matching process.
2. Consent to the Commission
By using the electronic matching service provided by the platform, the user acknowledges and agrees to the following: 1. The platform is entitled to a matching commission of 2.5% (two and a half percent) of the total value of any real-estate transaction (sale or lease) actually concluded between two parties connected through the matching service, split equally: 1.25% borne by each party. 2. The commission is due only upon the transaction actually being concluded (signing a valid sale or lease contract), and is not due for mere communication or negotiation that does not conclude a transaction. 3. Mandatory double consent: the direct communication window between the two parties opens only after both parties expressly consent to this notice. 4. Exemption: a party subscribed to the Gold plan is exempt from its half of the commission, as a Gold-plan benefit. All other users (a Silver subscriber or a non-subscriber) each bear half the commission (1.25%).
3. User Obligations
1. The user acknowledges not to circumvent the platform — i.e., completing the transaction with the other party outside the platform intending to evade the due commission, within 180 days from the date of the matching process. 2. The user undertakes to notify the platform immediately upon completing the transaction, within no more than 7 days from the signing date. 3. The commission is calculated and paid per the platform's approved payment mechanism within 15 days from the date of completing the transaction or notifying the platform of it, whichever is earlier.
4. General Provisions
1. This notice is an integral part of the platform's general terms of use. 2. This agreement is governed by the laws of the Kingdom of Saudi Arabia, and the competent Saudi courts have jurisdiction over any dispute arising from it. 3. The user's consent to this notice (via the platform's approved electronic means) constitutes a binding acceptance of all its provisions.