Since 1969, the REALTORS® Political Action Committee (RPAC) has promoted the election of pro-REALTOR® candidates across the United States. The purpose of RPAC is clear: REALTORS® raise and spend money to elect candidates who understand and support their interests. The money to accomplish this comes from voluntary contributions made by REALTORS®. These are not members’ dues; this is money given freely by REALTORS® in recognition of how important campaign fundraising is to the political process. RPAC doesn’t buy votes. RPAC enables REALTORS® to support candidates that support the issues that are important to their profession and livelihood.
Reasons to Donate to RPAC
To prevent a sales tax on services
Nearly every year government officials propose a 6 or 7 percent tax on REALTOR® commissions. RPAC is constantly protecting you from such a law.
To protect against transfer taxes
A 5 percent transfer tax, which could not be financed into a mortgage, would cost $12,500 for a $250,000 house. This extra cost would prevent many would-be clients from becoming homeowners.
To keep mortgage interest benefits
If the mortgage interest deduction was eliminated, the average REALTOR® would lose more than $7,000 in commissions. Every year RPAC works to maintain this tool for increasing homeownership.
To reduce your liability
Bills are constantly being proposed that would increase your risk of being sued. RPAC defeats bills that would hold REALTORS® responsible for mold, meth and other contamination issues.