The Average Rhode Island Real Estate Commission

Bailey Peterson

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Bailey Peterson

September 1st, 2022
Updated September 1st, 2022

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How commission works | Save on commission | Rhode Island housing market | Best low commission companies | Methodology

📊 The data:

We surveyed local agents and found that the average real estate commission in Rhode Island is 5.12%, which is less than the national average of 5.37%.

To sell a house in Rhode Island worth $437,389 — the median home value in Rhode Island — you’ll pay about $22,394 in realtor fees.

Realtor commission is usually the largest cost you'll face when selling your home — but you don't have to pay the full 5.12%.

Clever Real Estate could help you save thousands on commission by pre-negotiating 1% listing fees with full-service Rhode Island realtors from top brokerages.

On that same $437,389 home — you'd pay just $15,100, up to 32% less than paying average rates.

» SAVE: Sell with Clever for 1% listing fees and save thousands in commission!

How real estate agent commission works

Average listing commission
2.66%
Average buyer's agent commission
2.46%
Total average commission
5.12%

There are usually two real estate agents involved in a home sale:

  • The seller's agent (also called the listing agent), who represents the home seller
  • The buyer's agent, who represents the person buying the home

Based on our research, the average commission rate for listing agents is 2.66% of the final home price and 2.46% for buyer's agents, for a total of 5.12%.

» LEARN: How do real estate commissions work?

Who pays realtor fees in Rhode Island?

In Rhode Island, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal. Offering to pay for the buyer's agent's commission is an incentive for agents to show your home to their clients.

If you'd like to save on commissions, Clever can connect you with a top listing agent in your area. You'll pay just 1% (or $3,000 if your home sells for less than $350,000), keeping more money in your pocket at the end of your sale.

💰 Get a lower rate with a top Rhode Island agent!

Want to find a top local agent in Rhode Island without overpaying on realtor fees? Clever negotiates 1% listing fees with top-rated Rhode Island real estate agents from trusted brokerages like Keller Williams, RE/MAX, and Berkshire Hathaway.

Get guaranteed full service for a fraction of the 2.66% rate Rhode Island agents typically charge. Schedule a free, no obligation consultation with a top local agent today!

How to save on realtor fees in Rhode Island

Commission rates are not set in stone. In fact, we found that while 5.12% is the average in Rhode Island, rates typically fall between 4.19% and 6.05%. You can save money by negotiating a lower rate with your listing agent or by working with brokerage that has a discounted commission model.

Listing commission range
2.19%– 3.12%
Buyer's agent commission
2.00%– 2.93%
Total commission range
4.19%– 6.05%

Tips for negotiating realtor commission in Rhode Island

Whether you’re selling a vacation home in Narragansett, a chic condo in Providence, or a family home in Warwick, you can almost always negotiate a lower commission rate.

Negotiating a lower realtor percentage in Rhode Island depends on two main factors: your situation and the housing market.

Factor
You may have an easier time negotiating low rates if...
Your situation
  • You're selling a high-value home
  • You have a personal relationship with a realtor
  • You can offer a realtor repeat business
The Rhode Island housing market
  • Homes are selling quickly
  • There are relatively few homes listed for sale
  • Home values are rising

While your personal situation will obviously vary, Rhode Island real estate market conditions will affect all home sellers in your area.

In general, in a seller's market — where home sellers have more leverage than buyers — a listing agent's job is easier and they may be more willing to lower their commission rates. The opposite is usually true in a buyer's market.

» LEARN: Find our top tips for negotiating lower commission fees

To judge the current state of your real estate market, look at these three factors:

  • Months of inventory
  • Sale to list price
  • Home value trends

If every factor points to Rhode Island being a seller's market, then you may be in a good position to negotiate a lower commission rate with your agent. If market conditions are mixed or favor buyers, it may be more challenging to persuade your realtor to accept a cheaper fee.

The current state of the Rhode Island real estate market

Factor
Trends
Indication
Months of inventory
There's 0.8 months of housing inventory on the market
Seller's market
Sale-to-list ratio
Homes are selling for 104.10% of their listing price
Seller's market
Home values
Home values have risen 37.67% year over year
Seller's market

Low commission real estate companies in Rhode Island

Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.

These are some of the top discount and flat-fee MLS services in Rhode Island.

The top discount real estate companies in Rhode Island

Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. How they create those discounts will depend on the company's model, with some creating more risks and trade-offs than others.

Clever Real Estate

Clever Real Estate

Learn More

💲 Listing Fee

$3,000 or 1%

💰 Avg. Savings

$7,375

⭐ Avg. Customer Rating

4.9/5 (1,810 reviews)

✍️ Editor's Take
Pros
Cons
Reviews
Locations

Clever is a quick, easy, and free way to find a top-rated local agent. And, unlike many similar companies, Clever pre-negotiates big discounts on your behalf, so you can save thousands without sacrificing on service.


Try Clever for free — save thousands on commission

  • Free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX
  • Provides multiple agent matches so you can interview, compare marketing plans, and choose the best fit
  • Pre-negotiates low rates on your behalf — you get full service for a flat $3,000 listing fee, or just 1% if the home sells for more than $350,000
  • If you buy with Clever, you could get a check worth up to 0.5% of the home price
  • You may not get matched with an agent from your preferred real estate brokerage
  • Agents may not provide premium services like drone photography and professional home staging

As of 44,835, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,710 reviews.


Read reviews from real Clever customers here.

Clever has pre-negotiated low commission rates with top agents in all 50 states and Washington, DC.

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💲 Listing Fee

1.5% (min. fees vary)

💰 Avg. Savings

$5,550

⭐ Avg. Customer Rating

3.8/5 (425 reviews)

✍️ Editor's Take
Pros
Cons
Reviews
Locations

Redfin offers real savings and a proven brand. But sellers could compromise on service — especially agent experience and availability.


Read the full Redfin review.

  • If you buy and sell with Redfin, you'll get a 0.5% listing fee discount
  • Redfin gives its listings premium placement in its popular home search app
  • If finding the right agent is a top priority, you'll have limited options Redfin only has a few agents in each of its markets
  • Redfin agents handle more customers at once than the average realtor, so they may not be able to provide as much personalized service

Redfin has a 3.8 out of 5 rating (425 reviews) across popular review sites like Google and Yelp.


Read reviews from real Redfin customers here.

Redfin is available in 80+ U.S. markets (see all locations).

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» LEARN: How do discount real estate brokers offer lower fees?

The top flat fee MLS listing services in Rhode Island

Flat fee MLS services list your home on your local MLS for a low fee, often around $99–$1,000. The trade-off is that you'll have to handle almost the entire home-selling process yourself.

Entry Only

Entry Only

Entry Only

Price Range

$399-999

Number of Photos

20

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Entry Only is a real estate brokerage licensed in CT, ME, MA, NH, RI, and VT that specializes in flat-fee MLS services
  • You set the buyers commission (1% minimum) and pay no commission if you find the buyer
  • Buyer and agent inquiries forwarded to you
  • Free cancelation anytime
  • Free, unlimited photo edits
  • A variety of a-la-carte services like additional photos, longer listing contracts, listing on a second MLS, custom yard sign, lockbox, custom domain name, and more
$399 - Basic
  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • 20 Photos
  • 1,000 character description
  • Purchase forms and disclosures (downloadable)
  • Listing shared on social media
  • Property flyer
  • 24/7 receptionist to forward buyer and agent inquiries
  • Yard sign
  • Open house ads
$699 - Enhanced
  • Same as Basic package, plus:
  • Contract review

$999 - Premium
  • Same as Enhanced package, plus:
  • Negotiation assistance
  • Closing services







Available a-la-carte services include: more photos, longer listing contract, listing on a second MLS, custom yard sign, lockbox, custom domain name, and more

Pros

  • Work directly with a local broker, not a referral service
  • Free cancelation anytime
  • 24/7 receptionist
  • Double money back guarantee if you decide to sell with a realtor Entry Only refers you to (up to $999)

Cons

  • No built-in home valuation or CMA

As of August 5, 2020, Entry Only has an average rating of 4.9/5 based on 529 reviews across Trustpilot, Google, and Facebook.

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MLS Island Rhode Island

MLS Island Rhode Island

MLS Island

Price Range

$299

Number of Photos

Max allowed on MLS

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • MLS Island Rhode Island is part of the MLS Island network, a nationwide flat-fee MLS service
  • Phone support and advice 7 days a week
  • Pay no commission if you find a buyer
  • All state-required documents and forms included
  • Lists to the Rhode Island statewide MLS

$299

  • 6-month listing on MLS
  • Syndicated to Realtor.com, RILiving.com, Homes.com, and more
  • Unlimited photos
  • Downloadable contracts and forms
  • Professional advice and phone support
  • Free open house management

Pros

  • Covers all of Rhode Island
  • Buyers and agents contact you directly (who find your listing on statewidemls.com, Realtor.com, RILiving.com, Homes.com, etc.)

Cons

  • Limited options — only one listing package available
  • No built-in support or review with contracts, disclosures, counteroffers, etc.
  • Limited information available on the website (policy on listing changes and cancellations, how much — contact service directly for more details

As of August 17, 2020, no third-party review information was available for MLS Island. We will update when this information becomes available.

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beycome

beycome

beycome

Price Range

$99-299

Number of Photos

36

Listing Term

Until sold

Description
Pricing
Pros & Cons
Reviews
  • Beycome is a real estate brokerage that offers flat-fee MLS listing services to for sale by owner (FSBO) sellers in Florida, Illinois, Minnesota, Georgia, and Rhode Island.
  • Beycome’s lower-tier programs are also offered in California and South Carolina.
  • Listing will be syndicated on other sites like Realtor.com, Zillow, Redfin, IDX, and more
  • Listing typically goes live within 36 hours
  • Unlimited changes, photos, and no expiration on listing term
  • Built-in comparative market analysis (CMA) tools
  • Offers a 90-day money-back guarantee
$99 - Flat Fee MLS
  • Listing on your local MLS and other sites like Realtor.com, Zillow, Redfin, IDX, Homes.com, and more
  • Unlimited photos
  • Receive legal offers online
  • Downloadable legal forms & documents
  • Real estate support from beycome team
  • Virtual tour & YouTube video
  • Printable promotional items
  • Home visit manager
  • Open house scheduler
  • Messaging center
  • Dual comparative marketing analysis (CMA) tools
  • Craigslist easy click & share Ad
  • Social media sharing

$199 - Flat Fee MLS Premium
  • Same as Flat Fee MLS package, plus:
  • Full listing featured on beycome.com
  • Customizable flyers and brochure
  • Maximum pictures allowed
  • 1 key lock box
  • 1 sign in yard
  • 1 open house signage package
$299 - Flat Fee MLS Max
  • Same as Flat fee MLS Premium package, plus:
  • 24 professional HDR pictures
  • 1 photography session
  • Full ownership of the photos
  • Additional, a-la-carte services available with Max package:
  • Video walkthrough - $49
  • Drone pictures - $69


Pros

  • All inquiries and leads directly forwarded to you
  • Built-in home valuation tools
  • Unlimited listing term
  • 90-day money-back guarantee (unless you close, are under contract, or you receive at least 2 legitimate offers)
  • Live customer support

Cons

  • While beycome offers more built-in services than most flat-fee MLS companies, you’ll still get limited service and support with your listing
  • Free downloads for forms and documents, but no support or legal oversight
  • Flat Fee MLS Max package not offered in California or South Carolina

As of July 31, 2020, Beycome has an average rating of 4.4/5 based on 228 reviews across Zillow, Facebook, and Google.

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FSBO.com

FSBO.com

FSBO.com

Price Range

$399.95

Number of Photos

20

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • FSBO.com is a flat-fee MLS referral service that connects you with licensed brokerage MLSmart Realty, LLC. MLSmart Realty then refers you to a regional Rhode Island broker who will list your home on your local MLS for a pre-negotiated rate
  • Set your own buyer’s agent commission (FSBO.com recommends 2-3%)
  • Edit or cancel anytime (may include an additional fee)
  • A-la-carte services include custom yard sign, same day MLS entry, listing on a secondary MLS, Realtor.com Showcase listing, negotiation services, and more

$399.95 - Rhode Island Flat Fee MLS

  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • Up to 20 MLS photos
  • FSBO.com Listing
  • Unlimited photos on FSBO.com
  • Video Upload on FSBO.com


A-la-carte options (purchased directly from local broker) include: custom yard sign, same day MLS entry, listing on a secondary MLS, Realtor.com Showcase listing, negotiation services, and more

Pros

  • Set your own buyer’s agent commission
  • A-la-carte services available

Cons

  • Only one package to choose from
  • No home valuation included

As of August 12, 2020, FSBO.com has an average rating of 4.9/5 based on 26 reviews on Zillow and an A+ rating with Better Business Bureau.

Note: As a referral service, the reviews and service quality of your local FSBO.com broker may vary. Be sure to research your broker before signing a listing agreement.

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Houzeo

Houzeo

Houzeo

Price Range

$199-399

Number of Photos

6 to max allowed

Listing Term

3-6 months

Description
Pricing
Pros & Cons
Reviews
  • Houzeo is a flat-fee MLS referral service that connects you with Rhode Island brokers and agents who will list your home on your local MLS for a pre-negotiated rate
  • Draft your listing, upload photos, set your price, and sign MLS contracts via Houzeo’s online dashboard
  • Autofills listing details using publicly available info about your home to expedite the listing process
  • Home valuation not included in service
  • Does not require that you offer buyer’s agent commission
  • Listing is typically live within 24 hours of submission
$199 - Bronze
  • 3-month listing on MLS
  • 6 Photos
  • Virtual tour
  • $25 for each listing change
  • Syndicated to Zillow, Trulia, Realtor.com, and more
$299 - Silver
  • Same as Bronze plan, plus:
  • 6-month listing on MLS
  • 24 Photos
  • 10 free listing changes
  • Select and communicate with Escrow Agent

$399 - Gold
  • Same as Silver plan, plus:
  • Max photos allowed by MLS
  • eFile Federal & State Disclosures














Pros

  • Free cancellation anytime (no refunds)
  • Freedom to specify any buyer’s agent commission
  • Listings typically go live within 24 hours

Cons

  • Limited coverage in rural areas
  • “Free changes” only apply to listing’s price, status, and property description; $10 for additional changes

As of August 7, 2020, Houzeo has an average rating of 4.8/5 based on 21 reviews on Google.

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» MORE: What you need to know about flat fee MLS services.

Learn more

Rhode Island is a small East Coast state that has big appeal, with some of the best beaches on the East Coast, world-class colleges from Brown University to Rhode Island School of Design (RISD), and a booming, forward-looking economy. Rhode Island is one of the greenest states in America, too, with many residents and businesses using solar power. In fact, it was the first state to invest in an offshore wind farm.

Home values in Rhode Island have nearly doubled over the past decade and are now well above the national average. The market is well-positioned for a sustained boom, too. Not only is housing inventory low, but Rhode Island's economy is built on forward-thinking industries including data analytics, biomedicine, and advanced business services. These factors make Rhode Island a great (albeit expensive) market to buy into — and a wonderful market for sellers.

If you want to save thousands of dollars of commission on your Rhode Island home sale, Clever pre-negotiates a low 1% commission rate, or a flat fee of $3,000 if your home sells for less than $350,000, and they only work with top agents in Rhode Island. Contact Clever today to get started on your commission savings!

👋 Next Steps: Find an agent!

Clever can connect you with top local listing agents who work for pre-negotiated low rates: just $3,000 for any home under $350,000, or 1% for more expensive homes.

You can interview your Clever agent matches, get free pricing estimates, and compare marketing plans — all with no strings attached.

Ready to learn more? Submit the form below for a free phone consultation with one of our Licensed Concierges.

Methodology

We gathered our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local rates for both listing and buying agents.

Additionally, we utilized the following data from Zillow and Realtor.com:

  • Home values, list prices, and sale prices: Based on Zillow data as of August 2022
  • Sale prices and sale-to-list ratios: Based on Redfin data as of May 2022 (unless specified otherwise)
  • Months of inventory: Based on Realtor.com data as of August 2022

Additional resources for Rhode Island home sellers

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.