In our latest real estate technology entrepreneur interview, we are speaking with Glenn Orgin from Richr (a recent addition to the Geek Estate Mastermind).
Helping the youth has ever been something that I care for, and that I like to increase funds from time to time to support organizations like OUR Rescue that help combat human trafficking and sex trafficking victims among children. I enjoy paying it forward whenever I can.
Currently, there are pressures from the department of justice and a few class action lawsuits on the multiple listing services to make it more affordable for vendors to get their databases without having to offer a buyers’ compensation. If multiple listings providers allow sellers to advertise their houses without a offer to pay a buyers commission, then we might observe real estate brokers fees democratized. Real estate agents would have to offer their services at more competitive prices to possible customers in the expectation of winning their company on both the sell and purchase side of the transaction.
What are you most excited about right now?
If you want to connect, locate him on LinkedIn here.
We’re constantly seeking great property tech entrepreneurs to feature. If that’s you, please see this informative article — then drop me a line (drew @ geekestatelabs dot com).
Selling and purchasing real estate has relatively remained unchanged, no support gives a one-stop shop solution in the market place, and property brokers traditionally take 6% in commission fees. With Richr, home sellers can record their home in under 5 minutes on the multiple listing service without having to talk to a real estate agent, for free. Our vision is to provide a trade automation platform where each region of the home sale process happens and where sellers and buyers meet one another without needing to search.
We are stress-testing some growth hacks so that we can scale and gain Richr to the rest of Florida and then New York. We’re looking forward to growing our staff and bringing on new team members who are up for the challenge and travel to interrupt property. Should you’re up to it and or inquisitive, then get in contact.
What is a cause you’re passionate about and why?
I’m the creator and CEO of Richr. Richr enables buyers and sellers to become independent of property agents, by assisting them keep more equity when they sell or buy real estate. Richr is your very first proptech firm that lists houses on the multiple list service at no cost and enables buyers to receive 100% charge back of the buyers’ compensation. I had an epiphany the only way to innovate and disrupt property is by supplying exactly the same databases and tools that realtors utilize and flip them over to home buyers and sellers at no cost. In giving more equity back into our customers, we expect to build a community in which homeowners can leverage their number one asset and use it to create more income.