Discount Real Estate Agents in Providence, Rhode Island

Discount real estate agents can help a typical Providence resident save as much as $4,218 when selling their home — based on the median home value in the city.

There are different types of discount real estate brokers. Some offer full service for a reduced commission, while others offer only limited services — such as MLS listing services — for a flat fee.

Choosing a discount real estate broker, for home sellers in Providence, is a great option — as you'll likely be able to connect with a top agent while avoiding paying 6% in real estate commission.

Connect with a real estate agent through Clever and save thousands!

Clever is a free service that can connect you with top-rated local agents, for pre-negotiated, low rates.

How do Discount Real Estate Brokers Work?

Traditional real estate agents in Providence charge a 5-6% commission rate when selling you home. In contrast, discount real estate brokers offer home sellers rates as low as 4%, with some offering to list your home for a flat fee of $3,000 plus a buyer's agent commission of 3%. For the typical Providentian, the amount saved by working with a discount broker represents 6.50% of the median household income in the city.

>> LEARN more about how discount real estate brokers work.

Neighborhood
Standard Commission Cost
Discount Real Estate Agent Cost
Savings
West End
$12,662
$9,331
$3,331
Lower South Providence
$11,686
$8,843
$2,843
Blackstone
$38,395
$25,597
$12,798
Elmwood
$13,661
$9,831
$3,831
Hope
$24,456
$16,304
$8,152

* Figures based on median home values data from Zillow

Those looking to buy a home in Providence can also save by working with discount agents, as they may be eligible to receive a buyer rebate. These rebates can range from 0.5% to 1% of the home's sale price. For eligible sellers, that would translate to about $1,202.93-$2,405.85 for a typical house in Providence.

Why would a real estate agent work for a discount?

Discount real estate agents offer reduced commission to connect with more clients. The rationale is that the increased volume of transactions, made possible by offering low commission rates, makes up for the difference in income by offering a lower commission.

Additionally, some traditional real estate agents opt to join referral networks, such as Clever, where they agree to work for a discounted commission in exchange for being connected with clients. This allows them to generate new business while avoiding the cost and effort of doing so, which accounts for a significant portion of most agents' operating costs.

Discount Real Estate Agents in Providence

We can connect you with top-rated, Providence real estate agents who will list your home and let you save on commission. Clever Partner Agents sell your home for a flat fee of $3,000 for homes under $350,000 and 1% for more expensive homes. In Providence this translates to a savings of $4,218 compared to the typical 6% commission rate, for a typical home.

Find a discount real estate broker!

Clever negotiates low rates with top, local agents from major brands and brokerages (RE/MAX, Century 21, Keller Williams, etc.), saving you up to 50% on commission fees WITHOUT sacrificing service. That means you get all the benefits you’d expect from a traditional, full-commission agent, but for a fraction of the typical cost.

Sellers who list with Clever save an average of $9,000 per transaction — they also get offers 2.8x faster than the national average.

Sound interesting? Fill out the form below to get connect with agents!

Why Providence Discount Real Estate Brokers May be Right For You

The money saved by choosing a discount real estate broker in Providence — which could be as much as $4,218 for a typical house — makes it a wise financial choice. The only caveat is that you need to make sure the agent you choose is a good fit.

Finding an agent with intimate knowledge of the Providence real estate market and an excellent reputation, can have a huge effect on the amount of equity you get from your home's sale. Top real estate brokers do this by determining the right listing price, and knowing the best ways to market your home.

Furthermore, every day your home sits on the market costs you money — in Rhode Island, this can add up to $2,270 over a one month span. The right real estate agent will make sure your home sells as quickly as possible to minimize these costs.

Additional resources for Providence home buyers and sellers

Methodology

Estimated savings are based on home value estimates for Providence from Zillow's home value tool. Discount real estate agent saving estimates represent the cost difference between a listing commission rate of $3,000 plus 3% for the buyers agent, compared to the standard 6% rate. Data on median income by household came from the U.S. Census Bureau.

Discount Real Estate Brokers in Other Rhode Island Cities