Why should I invest in RPAC?
RPAC is the muscle behind NAR. RPAC represents more than 1.3 million REALTORS® that members of Congress want as their friends. Recent legislative and regulatory successes include:
- New Condo Policies Signed into Law; Rural Housing Service Loans Streamlined
- CFPB Makes Clear Lenders’ Ability to Share Closing Disclosure in Proposed Rule
- Drones Approved for Use in Commercial Real Estate Without Section 333 Waiver
- Remedies to Open and Expired Permits — Open and expired permits can delay a closing, and in some cases, kill the deal because of the uncertainty associated with them. To address the problem, HB 447 allows local governments to close a permit six years after its issuance as long as no apparent safety hazards exist. It also prevents local governments from penalizing property owners for an open permit that was applied for by a previous owner. Effective: October 1, 2019.
- Approval of Online Remote Notaries — HB 409 allows the use of online remote notaries in real estate transactions to make closings easier, faster and more convenient for distant parties. Effective: January 1, 2020.
- Curbing AOB Abuse to Keep Insurance Affordable — HB 7065 limits the ability of contractors to receive payment for their attorney fees if the claim is settled or won in court. This is commonly referred to as one-way attorney fees and is the primary incentive behind AOB fraud. Please note, all provisions of the bill become effective on July 1, 2019, except for provisions relating to attorney fees which become effective upon the bill being signed into law.
- $682 Million for Environmental Projects — Communities throughout Florida were devastated last year by environmental issues such as blue-green algae and red tide. The Legislature responded with significant amounts of funding for environmental projects designed to address these problems. Effective: July 1, 2019.
- Additional Reduction to the Business Rent Tax — Businesses throughout Florida will save more than $65 million each year due to a .2% reduction of the Business Rent Tax. The new state tax rate on commercial leases will be 5.5%, down from 5.7% in 2018 and 6% in 2017. Effective: January 1, 2020.
- More than $200 million for Affordable Housing Projects — The Legislature allocated $200.6 million from the state and local government housing trust funds for affordable housing programs. This includes $115 million to assist Panhandle residents whose properties were devastated by Hurricane Michael. Effective: July 1, 2019.
- Continued Funding for LIDAR Mapping — The budget includes language that allows the Division of Emergency Management to continue spending the $15 million currently being used for LIDAR (light detection and ranging) mapping. LIDAR is a next-generation mapping technique and has the potential to lower flood insurance rates throughout Florida. Effective: July 1, 2019.
- Preventing Unlicensed Real Estate Activity — The Legislature allocated up to $500,000 from the Professional Regulation Trust Fund to the Department of Business and Professional Regulation to combat unlicensed real estate activity. Effective: July 1, 2019.
How will my investment be used?
100% of your investment is used to elect candidates at the local, state, and national levels who both understand and support REALTOR® issues. RPAC looks to build the future by putting dollars in places that will help advance the interests of REALTORS®. RPAC is the only political group in the country organized for REALTORS® and run by REALTORS®. RPAC exists solely to support issues important to REALTORS®. Candidates who receive support from RPAC are not selected based on their political party or ideology, but solely on their support of real estate issues. Our legislative allies are members of the REALTOR® Party. The REALTOR® Party supports the issues that are important to you as a REALTOR®, regardless of political party affiliation.
For additional FAQs about RPAC, click here.
Several times a year, the National Association of Realtors® or Florida Realtors® will issue “Calls for Action” that encourage all members to contact their legislators on an important topic to make sure the interests of homeowners and REALTORS® are protected. When there’s an active Call to Action, you’ll receive notifications in your email and messages from your broker. Past calls have included important topics like Flood Insurance Reform, and are very often successful in delivering our message to Washington.
Click here to go to the REALTOR® Party site for more information.
REALTOR® Party Mobile Alerts (RPMA)
REALTOR® Party Mobile Alerts, NAR’s advocacy texting platform, offers REALTOR® Associations and REALTORS® a way to stay connected directly from their cell phone or tablet. When a national or state legislative call for action is launched, subscribers get a short text message, containing information to take action.
REALTORS® can sign up for REALTOR® Party Mobile Alerts using the link below, or by texting the word REALTORS to 30644.