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
    Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
    Phil Gutman leaves Brown Harris Stevens Miami
    Phil Gutman leaves Brown Harris Stevens Miami
    Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
    Compass’ Assouline Team expands to Miami Beach
    Compass’ Assouline Team expands to Miami Beach
    Jeff Miller and Daniel de la Vega 
    Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
    Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
    An aerial shot of the condos at 2020 North Ocean BLVD. (30-thirty)
    Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
    Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
    Carl Gambino
    Celebrity agent Carl Gambino expands to Miami
    Celebrity agent Carl Gambino expands to Miami
    RelatedISG's Scott Lehr, Daniel Ares and Liz Lopez with a rendering of Urbn Village 
    Related ISG takes over sales of Urbn Village townhouses from Coldwell Banker
    Related ISG takes over sales of Urbn Village townhouses from Coldwell Banker
    Johnny Mansilla (Nest Seekers, Realtor, Zillow)
    Nest Seekers falsely claims exclusivity on Miami listings, feeds bad information to Zillow and Realtor.com
    Nest Seekers falsely claims exclusivity on Miami listings, feeds bad information to Zillow and Realtor.com
    Marc Ferrentino and 6035 Southwest 92nd Street (REWS - David Hernandez for ONE Sotheby’s International Realty)
    Yext exec closes on South Florida home
    Yext exec closes on South Florida home
    arrow_forward_ios

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

    Loading...