Do you know what RPAC is? It’s the REALTORS® Politcal Action Committee. It exists exclusively to raise money for an contribute to candidates who support REALTOR® issues and it is the largest political action committee in the state to be recognized as nonpartisan.
Learn About RPAC
Whom does RPAC support?
RPAC supports pro-REALTOR® candidates. RPAC is nonpartisan and contributes to and works with candidates who are RELATOR® allies, regardless of the letter behind their names. In fact, RPAC is the largest political action committee in the state to be recognized as nonpartisan. Of your RPAC contribution, 70% is used to support state and local candidates in your area, while 30% is used to support federal candidates.
Why should I support RPAC?
RPAC isn’t charity – it’s an investment in your business.
REALTORS® are a key part of the American Dream – homeownership. That dream and your livelihood as a REALTOR® are under threat. REALTORS® face many looming encumbrances on their profession: property tax increases, lack of available financing, and burgeoning burdens on real estate transactions. Here in Minnesota, REALTORS® also face legislators who want to eliminate the mortgage interest deduction, eliminate the property tax deduction, tax real estate services, increase recording fees, and weigh down REALTORS® with more red tape. The stronger RPAC is, the stronger REALTORS® are to thwart these attacks on our industry. That’s why we need you to support RPAC.
How does RPAC raise money?
RPAC is a grassroots organization. It relies on REALTORS® just like you to survive and thrive. RPAC receives contributions of all sizes from REALTORS® from every corner of the state. Many REALTORS®contribute along with their annual dues. Others contribute separately (or again!) at RPAC events, in person at their local associations, or online. All RPAC contributions come directly from within the REALTOR®family and are used entirely to support REALTOR® candidates and causes.
Who manages RPAC?
Minnesota RPAC is governed by a Board of Trustees. Its composition is determined by Minnesota RPAC bylaws. Per the bylaws, the Board is composed of up to 23 members. Some Trustees serve in their capacity as a leader in the National Association of REALTORS®. Others are elected due to their role in local associations or as an “at-large” representative.
Contributions from LLCs (on LLC checks or using an LLC credit card) are not acceptable by MN-RPAC and will be allocated 100% to National RPAC. 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 associations will not favor or disfavor any member because of the amount contributed. Of each contribution, 70% is used by your state PAC to support state and local political candidates. Until your state PAC 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 the state PRAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.