📊 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%.
That means, to sell an average Rhode Island house worth $429,700 you’ll pay about $22,000 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%.
Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service Rhode Island realtors from top brokers.
On that same $429,700 home — you'd pay just $14,900, up to 32% less than paying average rates.
Below, we cover everything you need to know about Rhode Island real estate commission fees and share tips on how to save more when you sell.
How real estate agent commission works in Rhode Island
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
Both agents earn a percentage of the home's final price when the sale closes. This payment is called real estate agent commission, and it's baked into the sale price when you sell your home.
Based on our research, the average commission split in Rhode Island has 52.0% of the commission going to the listing agent and 48.0% going to the buyer's agent.
» 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.
However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
» LEARN: Who pays realtor commission?
How to save on real estate commission in Rhode Island
💰 Best ways to save on commission:
Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!
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.
You may have an easier time negotiating low rates if...
The Rhode Island housing market
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.
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
Months of inventory
There's 0.5 months of housing inventory on the market
Homes are selling for 104.10% of their listing price
Home values have risen 34.28% year over year
Find a top realtor in Rhode Island
Ready to negotiate with an agent in your area? We looked at the data and found the top Rhode Island agents for you.
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. Like traditional agents, these agents are fully licensed and have met all of the requirements of the Rhode Island real estate commission board. How they create those discounts will depend on the company's model, with some creating more risks and tradeoffs than others.
💲 Listing Fee
$3,000 or 1%
💰 Avg. Savings
⭐ Avg. Customer Rating
4.9/5 (1,558 reviews)
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.
- 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 June 10, 2022, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,512 reviews.
Clever has pre-negotiated low commission rates with top agents in all 50 states and Washington, DC.
💲 Listing Fee
1.5% (min. fees vary)
💰 Avg. Savings
⭐ Avg. Customer Rating
3.9/5 (416 reviews)
Redfin offers real savings and a proven brand. But sellers could compromise on service — especially agent experience and availability.
- 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 3.9 out of 5 rating (416 reviews) across popular review sites like Google and Yelp.
Redfin is available in 80+ U.S. markets (see all locations).
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!
Our data on commission rates is based on a survey of 630 of our partner agents, in which we asked for typical rates for both buyer's and seller's agents in their area.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of May 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 May 2022