Gov’t Affairs
RPAC
Why RPAC?
Whether you like it or not, your ability to make a living as a REALTOR® is affected by the decisions made by government officials. That’s why the REALTORS® Political Action Committee raises voluntary funds from REALTORS® in order to elect public officials who understand the importance of homeownership and private property rights. The money is also used to battle legislation that would hurt REALTORS® or their clients.
For every dollar given, 70 cents remains in Utah to focus on state and local government while the other 30 percent goes to protect your interests at the national level. When you donate to RPAC, you give to a bipartisan organization that supports a pro-REALTOR® Congress and Legislature.
Reasons to Donate to RPAC
To prevent a sales tax on services
Nearly every year government officials propose a 6 or 7 percent tax on REALTOR® commissions. RPAC is constantly protecting you from such a law.
To protect against transfer taxes
A 5 percent transfer tax, which could not be financed into a mortgage, would cost $12,500 for a $250,000 house. This extra cost would prevent many would-be clients from becoming homeowners.
To keep mortgage interest benefits
If the mortgage interest deduction was eliminated, the average REALTOR® would lose more than $7,000 in commissions. Every year RPAC works to maintain this tool for increasing homeownership.
To reduce your liability
Bills are constantly being proposed that would increase your risk of being sued. RPAC defeats bills that would hold REALTORS® responsible for mold, meth and other contamination issues.
RPAC Savings
RPAC allows you to conduct your business without undue, unnecessary and unreasonable legislation. That protection provides huge savings to you and your clients. Here are some sample saving figures:
RPAC savings to you
- Preservation of the mortgage interest deduction: $3,000
- Protection from a 7 percent sales tax on REALTOR® commissions: $7,000
- Preservation of the residential property tax exemption: $1,650
- Enactment of pro-REALTOR® business license legislation: $500
- Protection from a commission loss by retaining the mortgage interest deduction: $7,350
- Protection from a commission loss by retaining the capital gains exclusion: $755
- Protection from lost sales by preventing requirements for attorneys at closing: $5,000
RPAC savings to your clients
- Preservation of the mortgage interest deduction: $3,000
- Protection from a 5 percent transfer tax: $12,500
- Protection from a 7 percent sales tax on REALTOR® services: $1,050
- Preservation of the residential property tax exemption: $1,650
- Protection from being required to have an attorney at closing: $500
- Protection from impact fees: $5,000
- Enactment of the capital gains exclusion tax benefit: $14,760
Quick Links:
RPAC Testimonials
“As a former REALTOR®, I know the valuable work our local
REALTOR® associations perform working with local government as a
resource on real estate and housing issues, as well as to advocate for
private property rights, affordable housing, and reasonable small
business regulation. I encourage all REALTORS® to be active in
politics and invest in RPAC.”
Gary R. Herbert
Utah Governor
“I appreciate the support I have received from the Salt Lake
Board of REALTORS® and RPAC. I value my friendships with many
REALTORS® and appreciate the contributions that REALTORS® and
the Salt Lake Board make to our local communities. I look forward to
continuing to work together.”
Peter Corroon
Salt Lake County Mayor
“The Salt Lake Board of REALTORS® has been a highly
effective and dedicated organization within Salt Lake County government.
They have been a watchful eye over the matters that affect their
members. I appreciate their efforts and I am proud of the service that
they provide.”
Michael H. Jensen
Salt Lake County Councilman


Copyright 2012. Salt Lake Board of REALTORS®. All Rights Reserved.