The REALTORS® Political Action Committee (RPAC) is the best way a REALTOR® can protect their business. RPAC is the only grassroots and issues mobilizing force that exists to protect and promote the tradition of home ownership and real estate investment.
By contributing to RPAC, you are able to support REALTOR® friendly legislators who believe in our industry and believe in protecting private property rights, perserving the American dream of home ownership, fighting for tax reforms and reducing burdensome regulations on our business.
Keeping Informed on REALTOR® Issues
With every media outlet in Michigan reporting news with varying degrees of information, it's hard to keep up to date on the issues affecting the real estate industry. The advocacy page on the MAR Website contains useful information on matters affecting the real estate profession, whether it's specific legislation, or general economic prposals being circulated in Lansing, this is the place to stay informed.
Two Ways to Contribute:
- RPAC1: proceeds are used to support candidates for local or state office only. RPAC1 can accept only personal REALTOR® member checks, VISA, MasterCard, Discover or cash. Cash contributions cannot exceed $20.
- RPAC2: proceeds are used to support or oppose ballot question initiatives in which MAR or its' local boards have an interest. RPAC2 can accept both personal and corporate contributions from REALTORS® and Affiliate member checks, VISA, MasterCard, Discover or cash. Cash contributions cannot exceed $20.
The 2011-2012 legislative session yielded long-fought and well-earned legislative victories for Michigan RPAC. These victories are made possible by the investment of REALTOR® members across the state.
Principal Residence Enhancement Legislation: This fair, honest and sound property tax reform allows two dates for homebuyers to file for and receive their Principal Residence Exemption; June 1st and November 1st. It also allows foreclosures to retain their Principal Residence Exemption, making it easier to qualify buyers and move inventory.
Appraisal Management Company (AMC) legislation: These bills provide a regulatory structure for Appraisal Management Companies. This legislation brings Michigan into compliance with federal financial reforms, as well as protect home values and consumers.
Legislation extending the 90-day stay of foreclosure to June 30, 2013: This pre-foreclosure timeframe is important for homeowners as it allows them to meet with lenders to try and work out a loan modification.
Principal Residence Exemption for those in a long term care facility: Allows a person in an assisted living facility (with intentions of returning to their property) to maintain the Principal Residence Exemption on their property.
Beach Grooming Legislation: Eliminates state permit requirements for certain beach grooming maintenance between high water mark and water's edge.
Critical Dunes Legislation: This new act allows for a streamlined permitting process that supports private property rights and respects the role of the Department, while clarifying the criteria for landowners building homes in privately held areas of Michigan's lakeshore dunes.
Non-recourse Loan Legislation signed: New law specifying that post-closing solvency covenants cannot be used as the basis for any claim or action against a borrower or guarantor, turning a non-recourse loan into a recourse loan. This MAR-supported legislation is critical to our commercial markets given continuing challenges facing the market.
Fought against the deregulation of property managers: Defeated legislation aimed to exempt persons engaged in "residential property management" from licensure as real estate brokers/salespersons are currently required to be licensed.
Building Inventory Tax Relief: Legislation intended to provide property tax exemptions to inventory and spec homes in new developments has been passed by the legislature. This new law provides new builds and inventory in developments with a lower tax assessment until those properties are occupied.
Supported MSHDA Efficiencies: Legislation recently signed into law that keep MSHDA current and competitive with loan products available to low and moderate income homebuyers across the state.
Personal Property Tax (PPT) Phase-Out: Legislation passed to provide the framework for the phase out of the PPT for new property. This phase-out gives Michigan a clearer path for economic growth and moves the state up the ranks in terms of job competitiveness.
As we look ahead to 2013, the MAR remains committed to being a leading advocate for private property rights and the real estate industry.
*Note: Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may refuse to contribute without reprisal and 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. 70% of each contribution 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 PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.