National Association of Estate Agents National Association of Estate Agents The National Association of Estate Agents (NAEA) is a membership organisation for estate agents "(called real estate brokers in the US)". It is based in and covers the UK. It was founded in 1962 by estate agent Raymond Andrews. It is the UK's leading professional body for estate agents. Its members practice across all aspects of property both in the UK and overseas, including residential and commercial sales and letting, property management, business transfer, auctioneering and land. The NAEA has a licensing scheme that offers consumer protection The NAEA's aims are that it shall: The
Estate agent year's rent, plus the whole of the first month's rent. If two agents are charging 10%, they will split the fee between them. Estate agents selling commercial property (known as investment agents) typically charge 1% of the sale price. The fees charged by residential letting agents vary, depending on whether the agent manages the property or simply procures new tenants. Charges to prospective tenants can vary from zero to £300 in non-refundable fees usually described as ""Application"", ""Administration"" or ""Processing"" fees (or all three). There are no guidelines for letting agents on charges, except that they are forbidden by law