Advocacy & Legal
RPAC
RPAC supports pro-REALTOR® candidates. RPAC is nonpartisan and contributes to and works with candidates who are RELATOR® allies, regardless of the letter behind their names. In fact, RPAC is the largest political action committee in the state to be recognized as nonpartisan. Of your RPAC contribution, 70% is used to support state and local candidates in your area, while 30% is used to support federal candidates.
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. To learn more, or contribute, click here.
Tax Law
The National Association of REALTORS® (NAR) worked throughout the 2018 tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.
Click on each topic below to take you to NAR website discussion. This law has huge implications for both Realtors® and real estate owners, buyers and sellers. Stay informed. Don’t rely on social media gossip and guesswork. Know the facts.
This is one of the many reasons why belonging to a Realtor® Association can help you and your clients stay informed and make good financial decisions.
- Introduction
- Major Provisions Affecting Current and Prospective Homeowners
- Major Provisions Affecting Commercial Real Estate
- Major Provisions Affecting Real Estate Professionals
- Appendix 1 – Examples of How the Deduction for Qualified Business Income May Affect Various Real Estate Professionals
- Appendix 2 – Examples of How The New Law Will Affect the Tax Incentives of Owning a Home