Contribute to REALTOR Action Fund
One of the most important services organized real estate provides is representation in the halls of government. REALTOR® Action Fund (RAF) raises money to advance the goals of our REALTOR® political action committees (PACs) at the local, state, and federal levels of government. RAF supports and/or opposes candidates for elected office who understand, or don’t understand, REALTOR® Issues. RAF has helped preserve Dual Agency, Point of Sale Retrofits and Mortgage Interest Deductibility
The GOOD: We have been able to avoid: 1. $225 Per-Transaction Recording Fee (Transfer Tax): CAR stands ready to fight any future proposals! 2. 3% independent contractor withholding: 3 times within the last 5 years the legislature has proposed an acceleration of income tax payment in the form of 3% withholding. 3. Service Tax: Sales tax on services including ALL real estate related services.
The BAD: GSE & Mortgage Reform: This could significantly increase down payment requirements, limit the amount of mortgage money available, and raise interest rates! POINT OF SALE: Point-of-Sale: Point-of-Sale mandates are always a threat… stay tuned! INCREASED RECORDING FEES: This will return as the state struggles to find revenues to replace expended one time housing bond monies with an ongoing revenue stream.
The UGLY: What will your business look like if these threats become a reality?