Larry Terry, CH
Billy Reid, VC
Contributions to Virginia REALTORS® RPAC of are voluntary and are used for political purposes; they are not deductible for federal or state income tax purposes. Members may contribute more or less than the suggested amount and may refuse to contribute without reprisal. 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. NAR has established state Federal RPAC Disbursement Allocations based on anticipated National RPAC needs. Thirty percent of all Major Investor contributions are sent to NAR to be applied to the Federal RPAC Disbursement Allocation and are charged against the limits under 2 U.S.C. 441a with the remaining seventy percent maintained for state and local usage. Decisions regarding Virginia REALTORS® RPAC contributions to meet the Federal RPAC Disbursement Allocation will be made throughout the fundraising year.
Below are policy issues that passed due to the support of RPAC endorsed candidates:
The REALTORS® Political Action Committee (RPAC) is a political action committee designed to promote the interests of REALTORS®. RPAC works with elected officials on the local and state level to advance policies that improve the community’s quality of life, protect private property rights, and help REALTORS® maintain and expand their businesses. In addition, RPAC supports pro-REALTOR® candidates who understand and support these kinds of policies. The platform of each individual candidate, rather than party label, determines who RPAC supports.
Funding for RPAC comes from the voluntary contributions of REALTORS®. These are not members’ dues; this is money given freely by REALTORS® in recognition of how legislation and policy measures impact their profession and livelihood. Click to invest today!
Cash proffers are a one time, per-home fee paid by the builder; however, this fee is ultimately passed onto the buyer. In Hanover, Goochland, and Chesterfield Counties, RPAC secured reduced proffer amounts. In the City of Richmond, RPAC successfully eliminated an attempt to introduce a cash proffer system.
Though it has been in existence since 1913, the Mortgage Interested Deduction (MID) has become rather controversial in recent years. RPAC works to protect this remarkably effective tool that facilitates homeownership.
Everyone knows the quality of a school system has a huge effect on property values and is often the first thing a prospective buyer asks about, even if they don’t have kids. RPAC assisted Richmond, Henrico, and Chesterfield in securing crucial revenue streams to support our students.