Old Republic Exchange

What Old Republic Exchange does

Old Republic Exchange Company (ORE) is a California-incorporated Qualified Intermediary founded in 1993 and operating as a wholly owned subsidiary of Old Republic International Corporation (NYSE: ORI), a multi-line insurance holding company with $25.1B in total assets. ORE facilitates tax-deferred exchanges of real property under IRC Section 1031 by serving as the neutral third party that prepares exchange documents, holds sale proceeds, and coordinates closings to prevent the taxpayer from having constructive receipt of the funds. The company supports four exchange structures—Delayed (Starker), Reverse, Improvement (build-to-suit via QEAA), and Simultaneous—and complements them with client-facing tools including an online account information system, a Capital Gains Calculator, and a 45/180 Day deadline calculator.

The technology stack is purpose-built rather than cutting-edge: advanced banking software for fund management and an interactive web portal for transaction visibility, supplemented by an extensive content library (e-Reports, law library, FAQs, glossary) that doubles as a referral-generation asset. Operational integrity is reinforced by a written guarantee from Old Republic National Title Holding Company reimbursing client losses from gross negligence, fraud, or dishonesty, $50M of professional liability (E&O) insurance, and a $120M aggregate fidelity bond—coverage magnitudes that effectively segment ORE from non-bankruptcy-protected QI competitors.

ORE generates revenue primarily through professional-services fees on each exchange transaction, with pricing not publicly disclosed and described as "extremely competitive." Go-to-market combines regional field representatives across the US, an inside-sales phone channel, and a community/education-led motion built on free seminars, California DRE continuing education courses (Sponsor No. 3408), and referral partnerships with the Federation of Exchange Accommodators, the California Escrow Association, and individual real estate agents, brokers, attorneys, and tax advisors. The company has facilitated more than 100,000 exchanges since 1994 and serves a horizontal mix of individual investors, commercial property owners, and real estate professionals nationwide.

Name

Old Republic Exchange

Legal name

Old Republic Exchange Company

Website

https://oldrepublicexchange.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Old Republic Exchange is a Qualified Intermediary that facilitates IRC Section 1031 tax-deferred real property exchanges for individual and commercial real estate investors, backed by Old Republic International (NYSE: ORI) with $50M E&O and $120M fidelity coverage.

Ownership category

akta.pro rank

Product category

Qualified Intermediary Services / 1031 Exchange Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

1031 Exchange Intermediary Services (BPAJAOAL)

Keywords

• 1031 exchange services
• Qualified intermediary
• Tax-deferred exchanges
• Real estate exchange
• Capital gains deferral

Headquarters

HQ city

Walnut Creek

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Qualified Intermediary Services: ORE acts as Qualified Intermediary for IRC Section 1031 tax-deferred real property exchanges, preparing legal documents, holding exchange proceeds, coordinating closings, and consulting with tax advisors and real estate professionals to facilitate transactions

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Old Republic Exchange acts as a Qualified Intermediary (QI) for IRC Section 1031 tax-deferred real property exchanges. The company prepares and executes exchange legal documents, holds exchange proceeds, coordinates closings, and consults with tax advisors and real estate professionals to facilitate four exchange structures: Delayed, Reverse, Improvement, and Simultaneous exchanges. Services are backed by written financial guarantees, $50M E&O insurance, and a $120M fidelity bond.

Product overview

Old Republic Exchange is a Qualified Intermediary (QI) services company that facilitates IRC Section 1031 tax-deferred exchanges of real property. The core product is 1031 Exchange Services, supported by digital tools including Capital Gains Calculator and 45/180 Day Calculator. The company offers four exchange method variants: Delayed Exchange (most common), Reverse Exchange, Improvement Exchange, and Simultaneous Exchange. Educational resources include E-Reports (PDF articles), Seminars and Continuing Education courses, and a comprehensive 1031 Exchange Guide Brochure. The company was incorporated in California in 1993 and is a subsidiary of Old Republic International (NYSE: ORI).

Differentiator

Problem solved

Functional benefit

Products and services

• 1031 Exchange Services (Qualified Intermediary) Core Qualified Intermediary services for tax-deferred property exchanges under IRC Section 1031, including document preparation (exchange agreement, assignment, exchange contract addendum, closing summary, identification notice), holding of exchange proceeds, closing coordination, and compliance with Treasury Regulations. Offered to real estate investors, commercial property owners, and entities exchanging investment real property.
• Delayed Exchange Forward 1031 exchange structure providing up to 180 days between the sale of the relinquished property and the purchase of the replacement property. QI holds proceeds during the gap, with 45-day identification period.
• Reverse Exchange Exchange structure in which the replacement property is acquired prior to the sale of the relinquished property. Uses an Exchange Accommodation Titleholder (EAT) to hold title and must be completed within 180 days.
• Improvement Exchange Construction or build-to-suit 1031 exchange allowing the exchanger to reinvest exchange proceeds into capital improvements on the replacement property through a Qualified Exchange Accommodation Agreement (QEAA) structure, with the EAT holding title during construction.
• Simultaneous Exchange 1031 exchange in which the relinquished and replacement properties close on the same day, with ORE as Qualified Intermediary ensuring the taxpayer does not have constructive receipt of the funds, preserving the tax-deferred status.

Quantifiable outcome

• Over 100,000 exchanges facilitated since 1994
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• Old Republic National Title Holding CompanycoreStrategic or Co-development PartnerProvides written guarantee to reimburse ORE clients for any loss of funds transmitted to Old Republic Exchange if such loss is the result of ORE's or its employees' gross negligence, fraud, or dishonesty. Also provides guarantee of funds.
• Old Republic National Title Insurance CompanycoreStrategic or Co-development PartnerOne of the largest and best-capitalized title insurers in the title insurance industry; sister company within the Old Republic Title Insurance Group
• Old Republic Title CompanycoreStrategic or Co-development PartnerParent title company within the Old Republic Title Insurance Group; ORE provides 1031 exchange services under the Old Republic Title brand
• Federation of Exchange Accommodators (1031.org)minorOthersIndustry association for exchange accommodators; linked as a resource from ORE's Important Links page for industry information
• California Escrow AssociationminorOthersState escrow industry association; linked as a resource from ORE's Important Links page; ORE holds California DRE sponsor license (No. 3408)
• Old Republic Home WarrantyminorStrategic or Co-development PartnerAffiliate company within the Old Republic Title Insurance Group offering home warranty services
• Old Republic Specialized Commercial Services (ORSCS)minorStrategic or Co-development PartnerAffiliate providing specialized commercial services within the Old Republic Title Insurance Group
• Old Republic Specialized Agency Solutions (ORSAS)minorStrategic or Co-development PartnerAffiliate providing specialized agency solutions for title agents within the Old Republic Title Insurance Group
• Old Republic Servicing Solutions (ORSS)minorStrategic or Co-development PartnerAffiliate providing servicing solutions within the Old Republic Title Insurance Group
• Old Republic Title Residential Information (ORTRIS)minorStrategic or Co-development PartnerAffiliate providing residential information services within the Old Republic Title Insurance Group

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• IPX1031 (Investment Property Exchange Services): Large, multi-state Qualified Intermediary offering the same core delayed, reverse, simultaneous, and improvement 1031 exchanges with national coverage and dedicated exchange professionals — most direct head-to-head competitor to ORE.
• Equity Trust Company: Self-directed IRA custodian that has built a sizable Qualified Intermediary practice, providing 1031 QI services to the same real estate investor customer base as ORE.
• Accruit: Positions itself as one of the largest US Qualified Intermediaries by volume, offering all standard 1031 exchange structures plus securitized exchange programs to large institutional clients — directly overlaps ORE's core service.
• WFG National Title Insurance Company / WFG Exchange: National title insurance group with a dedicated QI/exchange unit offering 1031 services inside the broader title and escrow franchise — same customer base, similar service scope.
• Asset Preservation Inc. Long-established independently-owned Qualified Intermediary serving real estate investors nationwide with all four exchange types, very comparable in operating model and 1990s founding vintage to ORE.

Broad incumbents

• Fidelity National Financial / Chicago Title Exchange: Largest US title insurance conglomerate with QI/exchange capabilities inside Chicago Title and related brands; competes via distribution scale and parent capitalization rather than dedicated exchange specialization.
• Stewart Information Services / Stewart Title Exchange: Large US title insurer offering a 1031 exchange service line alongside title, escrow, and real estate information products; comparable customer access points through the same referral channels as ORE.
• First American Exchange Company (First American Financial): Exchange arm of a top-tier title and settlement services provider; offers 1031 QI services as part of a much broader real estate services portfolio, competing on institutional credibility rather than specialization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/showcase/oldrepublicexchange

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Old Republic Exchange