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What
is RPAC?
Founded in 1969, the REALTORS® Political Action Committee
was created to financially support those individuals seeking
elective office who believe in the same governmental principles
who do – our free enterprise system, capitalistic economy
and the importance of home ownership to our economy.
How Does RPAC Work?
It is funded by donations from individual REALTORS® like
you. RPAC contributes to thousands of candidates on the national,
state, and local levels each year. What these contributions
do is let the candidates know that REALTORS® are politically
involved and that they care about preserving private property
rights. It also gives us access to them, because we’ve
become part of their election effort. All contributions are
used to fund candidate elections.
Who Controls RPAC?
Committees of REALTORS® meet on the local, state, and national
levels to review the credentials of candidates seeking office.
Based on this review, they make decisions and recommendations
on candidates all the way from city council to the United States
Senate.
Your RPAC Dollars at Work
According to figures released by the Federal Election Commission,
the REALTORS® Political Action Committee was the largest
PAC contributor to federal candidates for the third straight
cycle, with more than $3.6 million in candidate contributions.
The Association of Trial Lawyers of America placed second,
with just $2.8 million. An additional $1.4 million of RPAC
funds went to hard-dollar contributions to congressional
leadership. RPAC also set the record as the most bi-partisan
among the major PAC’s, with 53 percent of the disbursements
going to Republicans and 47 percent going to Democrats.
What Has RPAC Done For Me?
RPAC’s accomplishments are too numerous to list entirely,
but here are a few:
Passage of Law to:
• Allow
Real Estate Agents to incorporate for tax purposes
• Implementation of 3 year license renewal
• Permit real estate licensees in another state to participate
in Ohio Commercial Real Estate Transactions under certain
conditions
• Authorize real estate commission to impose fines against unlicensed
entities engaged in practice of real estate without a license.
•
Implement staggered license renewal on real estate licensees’ birthdate.
Defeated:
• Legislation
that would have eliminated inflationary controls on residential
property
taxes.
• Efforts to restrict property tax rollback relief for Ohio property
owners.
• Proposed statewide real estate transfer tax.
• Efforts to place limits on mortgage interest deduction.
•
Governor Taft’s proposal to place sales tax on real
estate commissions, appraisals, inspections, title work,
and property
management fees.
Ohio RPAC has an entitlement
program where at least 15% of all funds raised are sent back
to Local Boards to use for local
candidates. These funds are used entirely at the Board’s
discretion. The formula works so that the more money a Board
raises, the more it keeps at home.
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