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Watts Happenings News and Blog

The Importance of Investing in the REALTORS Political Action Committee (RPAC)

System - Monday, August 27, 2018

By Chip  Watts, CPM, CCIM®, IREM Senior Vice President & 2018 Secretary/Treasurer  Nominee
RPAC  President’s Circle Golden R® Investor

As an affiliate member of the National Association  of REALTORS®, CPMs are eligible to invest in the REALTORS®  Political Action Committee (RPAC)The purpose of RPAC is clear:  REALTORS®, and its affiliate designees such as CPM, CCIM®, SIOR®, ALC® and  CRE®, raise and spend money to elect candidates who understand and support  their interests. Candidates who receive support from RPAC are not selected  based on their political party or ideology, but solely on their support of real  estate issues. RPAC supports federal, state and local candidates who understand  that a vibrant real estate market is only achieved when both residential and  commercial markets are strong. In short, it’s a package deal.

The money to accomplish these objectives comes from  voluntary contributions made by REALTORS® and affiliated designations. These  are not members’ dues; this is money given freely by REALTORS® and other  members, such as CPMs, in recognition of how important campaign fundraising is  to the political process. RPAC doesn’t buy votes. RPAC enables us at IREM to  support candidates that support the issues that are important to our profession  and livelihood.

The return on your RPAC investment is substantial.  RPAC investments have helped retain important polices, such as 1031 Like-Kind  Exchanges and Carried Interest, which were preserved in the Tax Bill. RPAC has  also allowed us to support candidates at the state and local level who support  our issues.

With IREM’s partnership with the REALTORS®, we are  over 1.3 million voices together.  If  each one of us provides just our individual annual investment goal of $15 per  year to RPAC, our industry will have over almost $20,000,000 to support  candidates at the local, state and federal level who support our issues.

RPAC regularly works on commercial and multifamily  issues, such as:

  • ADA “Drive-by” Lawsuit Reform: We support the ADA  Education and Reform Act (H.R. 620), which will provide a notice and cure  provision to stop unscrupulous lawyers from threatening lawsuits to property  owners on easily correctable deficiencies to the ADA. This legislation passed  the House and is awaiting consideration in the Senate.
  • Reform of the National Flood Insurance Program  (NFIP): We support reforming NFIP to ensure its ongoing sustainability that it  encourages cost-effective private flood insurance options, and through  long-term reauthorization, it remains a viable option for property owners for  years to come. 
  • Rent Control: We oppose government control of rents  and support a property owner’s right to establish rents that produce sufficient  income to accommodate the basic needs of residents and encourage investment in  new and existing properties. We urge elected officials at all levels of  government to oppose rent control as it is counterproductive to the best  interests of all segments of society and the economic well-being of the nation.
  • Data Security: We support government efforts aimed  at sharing information about possible cyber threats, establishing reasonable  data security standards, and helping avert security breaches and their  aftermath. We oppose legislation that would be overly onerous on property  owners and managers or their clients.

Making an investment in RPAC is simple and easy. Here’s what you  need to do:

  • Call your  local or state REALTOR® Association and tell them you want to have a voice in  the democratic process by investing in RPAC today.
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  • Contact  National RPAC at 202-383-1029 and make a personal investment  using a personal credit card or check payable to RPAC. 
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  • For more  information or to invest online, please click here. Your  generous investment will go directly to the election campaigns of pro-real  estate candidates.

Remember: As a CPM designee, YOU are a member of the REALTOR®  family. There are many tools, resources, programs and grants available to you  and your chapter.  We encourage you to  actively use the benefits your REALTOR® family can provide at the local, state  and federal level – including investing in RPAC!

Thank you to our 450 CPM investors from IREM who have invested  over $68,000 to date this year in RPAC! Your investment has already proven to  be productive! 

Make an investment  in RPAC today!! If  you have any questions, please contact Liz Demorest, NAR PAC Fundraising  Manager at LDemorest@realtors.org. 

Contributions to RPAC are not deductible for federal  income tax purposes. Contributions are voluntary and are used for political  purposes. The amounts indicated are merely guidelines and you may contribute  more or less than the suggested amounts. The National Association of REALTORS®  and its state and local associations will not favor or disadvantage any member  because of the amount contributed or a decision not to contribute. You may  refuse to contribute without reprisal. Your contribution is split between  National RPAC and the State PAC in your state. Contact your State Association  or PAC for information about the percentages of your contribution provided to  National RPAC and to the State PAC. The National RPAC portion is used to  support federal candidates and is charged against your limits under 52 U.S.C.  30116. Federal election law prohibits RPAC from soliciting contributions from  persons outside the restricted class. Any contributions received from outside  the restricted class will be returned.


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