The REALTORS® Political Action Committee (RPAC) is a standing committee of the National Association of REALTORS® and the Pennsylvania Association of REALTORS® involved in providing funding for political candidates at the national, state and local levels.

The goal of RPAC is to establish the real estate industry as a concerned and involved constituency that provides active support to political candidates who recognize the needs of REALTORS® and property owners.

RPAC is non-partisan in its selection of candidates. The program and platform of each individual candidate, rather than a party label, determines whom RPAC supports.

How RPAC serves REALTORS® in Pennsylvania:

· Passage of License Reciprocity legislation – Act 58 of 2003.

· Passage of Home Inspection legislation – Act 114 of 2000.

· Passage of Agency Disclosure legislation – Act 112 of 1998 and Act 47 of 2000.

· Passage of Commercial Broker Lien legislation – Act 34 of 1998.

· Stopped legislation providing for an increase in the realty transfer tax.

· Stopped legislation providing five-day right of recission on all residential sales agreements and sales contracts.

· Stopped legislation providing for mandatory three-day attorney review of all agreements of sale for one to four residential dwelling units.

How RPAC serves REALTORS® in Washington, D.C.:

· Delayed promulgation of the Federal Reserve and Treasury Department rule that seeks to permit banks to enter real estate brokerage. Persuaded Congress to introduce legislation preventing banks from entering real estate and garnered significant co-sponsorship support.

· Enacted legislation making permanent the FHA downpayment simplification calculation, indexing the FHA multifamily loan limits, and repealing the Ginnie Mae fee increase.

· Passed legislation providing capital gain tax relief for real estate.

· Maintained mortgage interest deduction.

· Stopped legislation creating an exemption in RESPA for affinity groups providing settlement services which would have reduced REALTOR® commissions and raised costs for homebuyers and sellers.

· Stopped legislation establishing a national real estate transfer tax.