what are the average realtor fees in the state of rhode island?

Asked by reneenmartin, Danville, CA Sun Feb 26, 2012

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7
Ron Bianco, Agent, Lincoln, RI
Mon Feb 27, 2012
Real estate commissions are negotiable between the seller and the broker; therefore the commission is anything agreed upon. I have seen commission that charge a flat fee, 3%, 4%, 5% and 6% in Rhode Island. I would say the average rate is 5% but remember, it is negotiable!

Ron Bianco
LaMontagne Real Estate
300 Front Street
Lincoln, RI 02865
401-864-2014
1 vote
Laura Feghali, Agent, Stamford, CT
Sun Feb 26, 2012
Hello Renee,
It is against anti-trust laws for real estate agents to quote numerical commission rates on an open forum such as this. It can appear as price-fixing whereas all commissions are negotiable. It's a big violation for agents to comment about their rates here.

I suggest that you interview a few agents from different firms to determine what their commission fees are and what marketing skills and avenues they have to offer.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
1 vote
Ginny Gorman, Agent, North Kingstown, RI
Mon May 28, 2012
As stated below it is against anti trust laws to discuss in an open forum commissions. If you are moving here from California I would suggest going through a trusted Realtor in your area for a good referral to an agent that can help you in Rhode Island to discuss further. If you are buying there is no fee, it is a transactional cost for the seller. Hope this helps

Ginny Gorman
Rhode Island Real Estate
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sun Feb 26, 2012
Commissions are always negotiable between you and your agent, there are no set standards as it would go against Federal Laws; therefore interview in person a few local agents from different realty companies, then choose the one you like best and who has the most to offer; choose your agent with care and not by commission alone.
http://www.justice.gov/atr/public/div_stats/276198.pdf
0 votes
Sandy Deignan, Agent, Cranston, RI
Sun Feb 26, 2012
Hi Renee
Rhode Island's average sales commission is 6%, we can negotiate from there, but remember, you get what you pay for. You want a full time agent who is committed to selling your house and providing you with the best marketing based on how buyers are buying. A discounted commission sometimes will result in a less than full service real estate agent. In order to attract buyers and their agents there needs to be a good commission for the buyers agent too (which is usually 1/2 of the full commission.)

Good Luck and feel free to contact me if you need more advice.

Sandy Deignan
ReMax 1st Choice
Cranston, RI
401-585-5791
sandydrealtor@aol.com
Web Reference:  http://www.sandydrealtor.com
0 votes
Michael Solo…, Agent, Cranston, RI
Sun Feb 26, 2012
Statistically 5% would be the average for a listing agent.
Buyers agents are typically paid by the listing agent, at no cost to the buyer.
0 votes
Christopher…, Agent, Providence, RI
Sun Feb 26, 2012
Good Morning Renee,

The average realtor fees to sell your home pretty much anywhere in the US start at 6%. From here everything is negotiable in today's world. This will get you a full service listing agent who will handle everything from marketing your property(hopefully using today's technology) to negotiating a selling price to assisting you every step of the way through closing and beyond.

If you are looking to buy a home, there is generally no realtor fee associated with buying a home. The buyer agent commission is paid out of the total commission due from the seller.

As with anything else, I am sure you would be able to find agents that are willing to cut their commission in order to get the listing, but beware and make sure you know all of the services that you will be getting for your money.

Best of Luck and let me know if you need any additional assistance.
Chris
Web Reference:  http://cjcsellshomes.com
0 votes
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