The REALTORS® Political Action Committee (RPAC) promotes the election of pro-REALTOR® candidates across the United States. The purpose of RPAC is clear: voluntary contributions made by REALTORS® are used to help elect candidates who understand and support their interests. These are not members’ dues; this is money given freely by REALTORS® in recognition of the importance of the political process. The REALTORS® Political Action Committee and other political fundraising are the keys to protecting and promoting the real estate industry.
RPAC enables REALTORS® to support candidates that support the issues that are important to the real estate profession and livelihood.
Contributions are not deductible for income tax purposes. Contributions to RAPAC are voluntary and are used for political purposes. You may refuse to contribute without reprisal and the National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by your state PAC to support state and local political candidates. Until your state reaches its RPAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S. C. 441a; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.
pdf Click here (1.35 MB) to download a full list of 2019 RPAC investors.
What Does RPAC Do For Me?
This year marks the 50th Anniversary of the REALTORS® Political Action Committee and RPAC's work to advance the American dream of homeownership. The purpose of RPAC is to support candidates and issues that matter to REALTORS®. Our goal is to elect pro-REALTOR® candidates at the local, state, and federal levels - that share our support for homeownership, protect property rights, and who will listen to our concerns. Investing in RPAC is one of the easiest things you can do to protect your business. The funds collected ultimately work to influence issues at the local, state and nation levels around the country and support REALTOR® champions to ensure we achieve the policy outcomes necessary to protect property rights.
1. TREASURY INCOME TAX RULE
Persuade the US Treasury and the IRS to simplify a regulation clarifying that all real estate agents and brokers who are not employees but operate as sole proprietors or owners of partnerships, S corporations or limited liability companies are eligible for the new deduction, which can be as high as 20 percent. This includes those whose income exceeds the threshold of $157,500 for single filers and $315,000 for those filing a joint return.
2. DEED FORMS
Sent a bill to the Governor that is a common-sense public policy solution that fixes a longstanding problem in real estate transactions. Under current law, only a licensed real estate broker is authorized to prepare a deed; however, the broker could delegate this limited authority to prepare the form to a title company which then completed the deed under the direction and review of the broker. This legislation will reduce confusion and lessen disputes by authorizing a title company to prepare a deed using the statutory deed. If the Governor signs this legislation into law, CAR will prepare information to share with members about the changes in statutory deed forms and the contract to buy and sell property in a later publication.
3. AFFORDABLE HOUSING
Build a comprehensive 50 state report and database on creative solutions to the country’s affordable housing crisis. Thanks in part to RPAC dollars, the Colorado Association of REALTORS® has amassed a comprehensive study on what does (and what does not) work around the country to find solutions to available and attainable housing. This report is instrumental in shaping CAR’s public policy positions in the Colorado General Assembly.
4. FLOOD INSURANCE
Secure a FEMA reversal on new flood policies during the recent government shutdown. It was a critical win for home sales while the partial shutdown of the federal government was ongoing. The Federal Emergency Management Agency ended up issuing and renewing flood insurance policies, reversing an unexpected and controversial ruling the agency released early in the shutdown.
Assisted in the creation of Colorado Project Wildfire. This project is designed to help reduce the destruction of land, property, and lives. Working in partnership with other like-minded fire prevention organizations across the state, local REALTOR® associations are bringing education and awareness, as well as access to resources, directly to residents in their local communities.