RPAC – REALTOR® Political Action Committee
Congratulations to our GNAR members for achieving 100% membership AND financial participation for RPAC in 2017. An outstanding effort!
Support the organization that is fighting for you twenty-four hours a day.
Some of the benefits already resulting from the work of RPAC
RPAC is keeping banks from being your competitors. Could you imagine bank tellers negotiating real estate contracts?
The mortgage interest deduction is alive and well; real estate would be much less attractive to buyers without the mortgage interest deduction.
You are still the first point of consumer contact in the real estate process despite the fact that so many are trying to replace our position.
The proliferation of real estate transfer taxes has been stopped – this is an ongoing fight for your association.
Real estate agency practices have been clarified.
The Urea Formaldehyde Foam Insulation (UFFI) disclosure law has been eliminated.
The homestead protection has been increased to $500,000 (effective 3/16/11), automatic coverage without filing is at $125,000.
Defeat of attempts to restrict brokerage commission agreements.
For more information on governmental impacts and actions on real estate visit the following pages:
From: NAR Government Affairs Director, John DiBiase
Subject: NAR Analysis of 2017 Tax Reform Law
The following is a summary of provisions of interest to NAR and its members. NAR will be providing ongoing updates and guidance to members in the coming weeks, as well as working with Congress and the Administration to address additional concerns through future legislation and rulemaking. Lawmakers have already signaled a desire to fine tune elements of The Tax Cuts and Jobs Act as well as address additional tax provisions not included in this legislation in 2018, and REALTORS® will need to continue to be engaged in the process.
The examples provided are for illustrative purposes and based on a preliminary reading of the final legislation as of December 20, 2017. Individuals should consult a tax professional about their own personal situation.
John J. DiBiase
Government Affairs Communications Director
National Association of REALTORS®
Washington, DC 20001