Home listings startup Richr launches title and insurance services

It plans to expand to Georgia, other states

Miami /
Nov.November 10, 2020 04:30 PM
Richr Founder and CEO Glenn Orgin

Richr Founder and CEO Glenn Orgin

Richr, a Miami-based home listings startup, is adding title and insurance services to the company’s offerings, with plans to also expand into home lending.

The website launched in early 2019, offering to list homes in South Florida for free, and giving the 3 percent commission back to the buyer. A home seller could save the full 6 percent commission.

Now, with Richr One, it also offers title and insurance services in Florida, with plans to expand to Georgia, New York and other states, said founder and CEO Glenn Orgin.

“Whether it’s residential or commercial, the market is going to a one-stop model,” Orgin said. “Essentially, you want to own as much of the distribution channel in any business you’re in.”

Last month, Compass said it entered into an agreement to buy Modus, a title and escrow startup that has raised $12.5 million.

Traditional brokerage firms typically offer title, mortgage and insurance, such as the Keyes Companies and Berkshire Hathaway HomeServices EWM Realty. Keller Williams has Keller Mortgage.

With Richr One, Orgin said the company will “take care of the whole transaction and give [the client] 3 percent back for closing costs.”

Richr plans to raise an undisclosed amount of money next year, Orgin said. The Wynwood-based Faith Group previously provided $500,000 in capital to the company.





    Related Articles

    arrow_forward_ios
    Illustrated Properties taps longtime head of Alabama brokerage as president
    Illustrated Properties taps longtime head of Alabama brokerage as president
    Illustrated Properties taps longtime head of Alabama brokerage as president
    Eduardo Cofresi, Edgardo Defortuna and Luciene Cofresi
    Cofresi Group joins Fortune International from Dezer Development
    Cofresi Group joins Fortune International from Dezer Development
    One Sotheby’s nabs new dev team from Fortune
    One Sotheby’s nabs new dev team from Fortune
    One Sotheby’s nabs new dev team from Fortune
    Another Miami luxury broker journeys into the metaverse for sales
    Another Miami luxury broker journeys into the metaverse for sales
    Another Miami luxury broker journeys into the metaverse for sales
    Berkshire Hathaway EWM expands to Palm Beach
    Berkshire Hathaway EWM expands to Palm Beach
    Berkshire Hathaway EWM expands to Palm Beach
    RLTY Capital's Briggs Elwell and Ryan Serhant  
    Commission advance startup backed by Serhant launches in South Florida
    Commission advance startup backed by Serhant launches in South Florida
    PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
    PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
    PE firms LarrainVial, DaGrosa Capital invest in Miami real estate companies
    Movers & Shakers: Newmark lodging group co-head moves to Miami
    Movers & Shakers: Newmark lodging group co-head moves to Miami
    Movers & Shakers: Newmark lodging group co-head moves to Miami
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...