RISMedia's Real Estate Magazine

MAY 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

Issue link: http://remag.rismedia.com/i/1109029

Contents of this Issue


Page 116 of 118

112 May 2019 RISMedia's REAL ESTATE {re: Real Estate} At its onset, RPAC had 300 investors contributing a total of $28,000. In 2018, more than 450,000 RE - ALTORS®— 35 percent of the NAR's membership—in- vested more than $34 million to support local, state and federal candidates and issues. This growth has been essential to NAR's ability to shape the future of the real estate industry. Political Action Committees, or PACs, afford like- minded people a regulated, transparent and account - able opportunity to collectively participate in the elec- tion process. PAC money must come from voluntary member contributions, rather than from member dues. Among the nation's more than 4,000 PACs, RPAC is the only one that's organized and run by RE - ALTORS® to support real estate advocacy priorities. One of RPAC's defining characteristics is its bipar - tisan support of candidates who advocate for home- ownership and property investment—issues that transcend politics. In the 2018 election cycle, RPAC disbursed more than $5.2 million to federal candi - dates and national political committees, with 51 per- cent of contributions supporting Republicans and 49 percent supporting Democrats. RPAC had a 93 per - cent win rate for federal races. Building the RPAC Culture Like NAR, RPAC is member-driven, with hundreds of REALTORS® at the federal, state and local levels serv - ing on councils and committees across the country deciding which candidates and issues to support and working to raise RPAC dollars from their colleagues. This support and commitment has led to a history of success in RPAC's first 50 years, including: 8 Improving access to FHA loans so more Ameri - cans could buy their own homes 8 Reducing capital gains taxes to make real es - tate a better investment 8 Pushing for legislation to create the secondary commercial mortgage market 8 Winning an eight-year battle to prevent banks from becoming real estate brokers 8 Repeatedly defending the mortgage interest deduction Throughout the years, RPAC has changed to adapt and stay relevant in light of events like the 2010 Supreme Court ruling in Citizens United, which affirmed the right of persons and entities to make independent expenditures unencumbered by contribution limits. As an uncertain political environment continues in 2019, RPAC continues its work to advance the Ameri - can Dream of property ownership. Working hand-in- hand with the REALTOR® Party, this partnership is what makes REALTORS® a force to be reckoned with at the local, state and national levels. 2019: A Year of Celebration NAR kicked off the celebration of RPAC's 50 th anniver- sary in late 2018 with a video competition for state and local REALTOR® associations. View the winning videos featured on the RPAC 50 th anniversary web- site, www.realtorparty.realtor/RPAC50, and download logos, graphics and materials celebrating RPAC's 50 th anniversary, as well as shareable content for social media. The hallmark event of RPAC's 50 th anniversary cel- ebration will take place during the REALTORS® Leg- islative Meetings & Trade Expo on Thursday, May 16 at the National Building Museum in Washington, D.C. This invitation-only event will be an opportunity to cel - ebrate with RPAC supporters from across the country as we mark this historic milestone. RE I n 1969, as America's political winds began to shift, forward-thinking members of the National Associa - tion of REALTORS® (NAR) sought the ability to har- ness the political clout of what would become one of the largest trade associations in the country. From this, the Real Estate Political Education Committee (REPEC) was launched. Later, it would become the National As - sociation of REALTORS® Political Action Committee, or RPAC. RPAC: 50 Years of REALTOR ® Advocacy One of RPAC's defining characteristics is its bipartisan support of candidates who advocate for homeownership and property investment—issues that transcend politics.

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