What is RPAC?
PAC's have been around since 1944, when the Congress of Industrial Organizations (CIO) formed the first one to raise money for the re-election of President Franklin D. Roosevelt. A Political Action Committee (PAC) is a popular term for a political committee organized by like-minded people for the purpose of raising and spending money to elect and defeat candidates. The PAC's money must come from voluntary contributions from members rather then the member's dues treasury. PAC's represent business, labor or ideological interest. PAC's can give $5,000 to a candidate committee per election (primary, general, run-off or special). They can also give up to $15,000 annually to any national party committee, and $5,000 annually to any other PAC. PAC's may receive up to $5,000 from any one individual.
Why should I contribute to RPAC?
RPAC is the muscle behind NAR. RPAC represents politically active REALTORS® that members of Congress want as their friends. Recent legislative and regulatory successes include:
The Continued preservation's of the mortgage interest deduction
Tax relief benefiting the real estate industry
Improving federal mortgage programs, allowing more families to join ranks of home ownership
Eliminating burdensome regulations inhibiting environmental quality and healthy real estate markets
How will my contribution be used?
100% of your contribution is used to elect pro-REALTOR® candidates: 70% remains in the state to be used in state and local elections. Until your state PAC reaches its RPAC goal 30% is sent to National RPAC to support federal candidates and is charged against your limit under 2 U.S.C. 441a; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates. RPAC is neither a Republican nor a Democratic organization. Your contribution to RPAC is a vote for a pro-REALTOR® Congress, regardless of political party.
For additional information and in-depth answers to your RPAC questions, please visit the National Association of REALTORS® RPAC web page.