RPAC is a nonpartisan organization that assists in the election of candidates who support private property rights and other issues that have a direct impact on the real estate industry on a local, state and national level. It’s funded through voluntary contributions from members of the Realtor® association. 100 percent of RPAC contributions are used to support Realtor®-friendly candidates, 70 percent of which goes towards state and local race and 30 percent toward federal candidates. These are the RPAC dates to remember for 2017.
Why does RPAC matter to me?
RPAC is the voice of Realtors® on a local, state and national level. It is the only political group in New Jersey and the nation organized for and run by Realtors® that exists solely to further issues important to Realtors®, private property owners and the real estate market. Home ownership is an essential part of the U.S. and state economy. Nearly 18 million jobs are supported by the real estate industry. For every two homes sold, one job is created, and every home sale leads to over $60,000 in economic activity.
RPAC ensures that good laws are passed and bad ones, which aim to restrict the industry are defeated! RPAC works by staying engaged in the Legislature’s political agendas, building relationships with key politicians on a local, state and federal level, and working with state agencies to make sure that proposed rules take into consideration the views of property owners and Realtors®!
8 Ways RPAC Betters Your Business
$5,025 — amount a homeowner saves on the average sales price of an NJ home because RPAC blocked private transfer fees
$350 — cost to pay a parking ticket if RPAC-supported candidates had not defeated a local ordinance
40 — town ordinances around NJ amended/defeated so Realtors® can continue to display signs
$53,500 — projected home value loss in NJ if the Mortgage Interest Deduction and real estate tax deductions were eliminated
900 — communities in the U.S. are still assisted by USDA Rural Housing Program, thanks to RPAC
$2,240 — average annual tax savings in NJ as a result of the real estate tax deduction
$2,850 — average annual tax savings in NJ as a results of the Mortgage Interest Deduction
$3,339 — average annual amounts Realtors® in NJ save when RPAC defeated a proposed tax on sales commissions
How do I invest?
To support RPAC, click on the Member Login tab located in the upper right corner of the page. Once logged in, select “My Account” from the drop down menu. Members will be re-routed to the ‘My Account Information’ page and can click on the ‘Invest in RPAC Online’ button to contribute.
Members will be asked to verify that the contact information is accurate. If it is not, please contact your local board/association to update the information. Your local board/association information is listed on your account page.
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 provided your contribution is within applicable contribution limits. 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. Unless otherwise required by applicable law, any request for the refund of a contribution must be made within two (2) business days of the date on which you authorize RPAC to charge you for said contribution. 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.