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 are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal and the National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by RPAC of New Jersey to support state and local political candidates. Until RPAC of New Jersey reaches its RPAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after RPAC of New Jersey reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.