The Average Rhode Island Real Estate Commission (2021)

By 

Bailey Peterson

Updated 

May 26th, 2021

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How commission works | How to save on commission | The current Rhode Island housing market | The best low commission companies | Methodology

📊 The data: We surveyed local agents and found that the average real estate commission in Rhode Island is 5.15%, which is less than the national average of 5.50%.

That means, to sell an average Rhode Island house worth $365,400 you’ll pay about $18,800 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 5.15%.

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 $365,400 home — you'd pay just $13,100, up to 31% less than paying average rates.

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

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 50.0% of the commission going to the listing agent and 50.0% 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:

  • Negotiating lower rates with a traditional realtor
  • Working with a low commission real estate company

Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!

💰 Sellers Can Save Thousands With Clever!

When you sell with Clever, you get full-service support from a top local agent and only pay a listing commission of 1% or $3,000. Clever sellers save an average of $9,000 on commission, no haggling required. Find a top local agent to sell your home now!

Tips for negotiating realtor commission in Rhode Island

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 0.4 months of housing inventory on the market
Seller's market
Sale-to-list ratio
Homes are selling for 102.00% of their listing price
Seller's market
Home values
Home values have risen 12.1% year over year
Seller's market

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.

» FIND: The best Rhode Island realtors by city

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 tradeoffs than others.

Clever Real Estate

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💲 Listing Fee

$3,000 or 1%

💰 Avg. Savings

$7,375

⭐ Avg. Customer Rating

4.9/5 (854 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 April 2, 2021, Clever has a 4.9 out of 5 rating on Trustpilot, based on 710 reviews.


Read reviews from real Clever customers here.

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

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💲 Listing Fee

1.5% (min. fees vary)

💰 Avg. Savings

$5,550

⭐ Avg. Customer Rating

3.2/5 (287 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 3.2 out of 5 rating (287 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?

Methodology

Our data on commission rates is based on a survey of 915 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 April 2021
  • Sale prices and sale-to-list ratios: Based on Redfin data as of April 2021 (unless specified otherwise)
  • Months of inventory: Based on Realtor.com data as of April 2021

Additional Resources for Rhode Island Home Sellers