Tuesday, September 07, 2010

RPAC - REALTORS® Political Action Committee

What is a PAC?
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.

What Has RPAC Done For You Lately?
You have a voice in Politics! RPAC is the muscle behind NAR. RPAC represents over 352,000 politically active REALTORS® that members of Congress want as their friends. Recent legislative and regulatory successes include:

  • Passed SB 82 to toughen metal theft legislation in Georgia;
  • Passed HB 261 extending Georgia tax credits to all homebuyers with no applicable income limits;
  • Created an $8000, first-time homebuyer refundable federal tax credit;
  • Extended tax credits that provide incentives for energy-efficient properties; Increased FHA loan amount from 95% to 115% of local area median price and more *!

NAMAR encourages members to make a donation to RPAC when you renew your membership. Because federal law prohibits use of membership dues for political purposes, your donation is voluntary.  Through your donations, we are able to accomplish goals that improve the opportunities available for real estate professionals and homebuyers.

How will my contribution be used?
100% of your contribution is used to elect pro-REALTOR® candidates: 70% remains in the state to be used in state and local elections. 30% of your contribution will be forwarded to National RPAC to fund key U.S. House and Senate races. Until your state PAC 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. RPAC is neither a Republican nor a Democratic organization. Your contribution to RPAC is a vote for a pro-REALTOR Congress, regardless of political party.

Download RPAC Contribution Form

For additional information and in-depth answers to your RPAC questions, please visit the NATIONAL ASSOCIATION OF REALTORS® RPAC web page.


GARPAC:

GARPAC contributions are voluntary and are used for political purposes. Contributions are not deductible for Federal Income Tax purposes. The Association will not favor or disadvantage anyone by reason of the amount of their contribution, and you may refuse to contribute without reprisal by the Association. Seventy percent of each contribution is split between Georgia RPAC to support state and local political candidates and Georgia RIAC for issues mobilization and education. Thirty percent is sent to National RPAC to support Federal candidates and is charged against your limits under 2 U.S.C. 441a.


Important Resources:

GAR Legislative Bulletin

Georgia Real Estate Commissioner

Locate Your Elected Officials

Gwinnett County Government

Federal Resources - NAR Action Center

REALTOR® Political Action Committee (RPAC)

NAR Government Affairs

NAR - The Washington Report

 



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