RPAC: Your Best Investment in Real Estate
What is RPAC
PACs have been around since 1944, when the Congress of Industrial Organizations (CIO) formed the first one to raise money for the re-election of President Franklin D. Roosevelt. A Political Action Committee (PAC) is a popular term for a political committee organized by like-minded people for the purpose of raising and spending money to elect and defeat candidates. The PAC’s money must come from voluntary contributions from members rather than the member’s dues treasury. PACs represent business, labor or ideological interests. PACs can give $5,000 to a candidate committee per election (primary, general, run-off or special). They can also give up to $15,000 annually to any national party committee, and $5,000 annually to any other PAC. PACs may receive up to $5,000 from any one individual.
Why should I contribute to RPAC?
RPAC is the muscle behind NAR, GAR and your local association. By pooling the resources of over 400,000 politically active REALTORS® nationwide, RPAC allows REALTORS® to maximize their impact on public policy by working to elect pro-REALTOR® candidates. Recent legislative and regulatory successes include:
•The continued preservation of the mortgage interest deduction.
•Tax relief benefiting the real estate industry.
•Prohibiting banks from engaging in real estate brokerage activities.
•Eliminating burdensome regulations inhibiting environmental quality and healthy real estate markets.
•Passing the $8,000 federal first-time homebuyer and $1,800 state homebuyer tax credits.
•Protecting property rights in Georgia by passing the strongest eminent domain legislation in the nation.
•Defeating a 100% increase in the real estate transfer tax.