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NEWS ABOUT THE REAL ESTATE LOBBYIST |
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What is a PAC?
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
( PACs have been around since 1944 ).
The PAC's money must come from voluntary contributions from members
rather than the member's dues treasury. PACs represent business, labor or
ideological interests. PACs 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. PACs may receive up to $5,000 from
any one individual.
What is RPAC?
RPAC the REALTORS® Political Action Committee is the muscle behind the National
Association of REALTORS®. RPAC represents politically active REALTORS® that
members of Congress and political leaders want as their friends because they
usually broker influence and money.
Who
establishes and implements RPAC policy?
Much of RPAC's success is due to the high degree of organization that
characterizes the REALTORS® Political Action Committee at every level. Leading
the National RPAC organization are the National RPAC Trustees. The Trustees
establish and implement RPAC policy in accordance with the RPAC bylaws and NAR
policy as established by the NAR Board of Directors. The Trustees are made up
of REALTOR® volunteers from around the nation who are appointed by NAR
leadership.
In short --- if you are not in line with the leaderships political views, you are not going to be appointed. Others that are appointed
frequently have
already
established themselves in the political arena and are appointed to share their
already established political power. Most decisions are made at the committee level with no real effort to solicit the opinions of the membership at large.
Who may be solicited for RPAC
contributions?
According to federal election law, RPAC can solicit only individual members --
i.e., non-corporate members of NAR and their families. The term
"members" means all individuals who currently satisfy the
requirements for membership in any one of the local, state, and/or the
National Association and regularly pay dues.
Executive, administrative and management personnel of the local, state and/or
national associations are also considered under the NAR constitution to be
members of the association and are open for solicitation even though they may
not pay association dues.
Contributions used for political purposes are not tax deductible on your
federal income taxes.
What process do the National Trustees use when determining contributions to
candidates?
The National Trustees' policy is to act only on requests sent from state
associations and signed off on by the state trustees. Once the national
trustees receive these requests, they have four options: Amend, Approve, Deny
or Defer.
Upon what criteria
does the National RPAC base its decision to support federal candidates?
1) Recommendations
from State RPAC Trustees,
2) NAR congressional voting records and analyses of incumbent members of
Congress, and
3) campaign intelligence reports provided by the NAR political and legislative
staff.
Will the National
RPAC Trustees contribute to both candidates in a race?
No. The National RPAC Trustees' policy is to only contribute to one candidate
in any given election. However, the use of In-State Reception funds and D.C.
Reception Funds does not necessarily count as a dual contribution if a
challenger is supported by the National RPAC.
Again, these are relationship-building monies.
What process do the Tennessee
Trustees use when determining contributions to candidates?
The Tennessee Trustees' policy is to act only on requests sent from Local
Associations and signed off on by the local trustees. Once the Tennessee
Trustees receive these requests, they have four options: Amend, Approve, Deny
or Defer.
Upon what criteria does the Tennessee RPAC base its decision to support
state candidates?
1) Recommendations
from RPAC Trustees,
2) Legislative voting records and analyses of incumbent members of the
Legislature, and
3) campaign intelligence reports provided by the TAR political and legislative
staff
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