If you think homeownership and property rights are the bedrock of our society, so do we. That’s why we’re fighting to protect property rights through the Realtors Political Action Committee.
Speaking Up When It Counts
HGAR takes an active role every day to protect REALTOR and Homeowner interests.
HGAR’s Government Affairs department and the HGAR leadership team protects REALTOR interests at the local, state and national level working to promote pro-REALTOR legislation and to defeat legislation that would adversely affect you and the real estate industry. Our team is constantly working to support legislation to make the housing marketplace stronger.
In addition, we participate actively in the REALTORS Political Action Committee (RPAC). The Realtors® Political Action Committee makes legislative advocacy possible. Formed in 1969, RPAC works to elect pro-Realtor® candidates at the local, state and federal levels. RPAC is supported by voluntary contributions from Realtors® across the nation. RPAC is committed to supporting candidates and issues important to your profession and your livelihood.
HGAR is proud to support RPAC, because our mission is to protect and serve homebuyers and sellers. Through RPAC, HGAR fought for STAR savings for New York State’s homeowners, a two percent tax cap, lower closing costs, and limits on flood-insurance rate increases. RPAC stopped private transfer fees on real estate transactions, defeated a state mandate on private well testing, and defeated a proposal requiring a 20 percent down payment on a home purchase.These are meaningful accomplishments that have a profound effect on homebuyers and sellers in the Hudson Valley and New York State. RPAC protects the real estate industry and for the public’s ability to own and maintain a home. HGAR and RPAC work every day to keep the American Dream of home ownership alive and well. It’s an insurance policy for you — and your clients.
How has RPAC Protected Your Business?
Here are some of the other issues that we are actively supporting:
Co-op Transparency and Disclosure Reform: (A.1120 – Lavine; S.5644 – Hannon) and (A.6705 – Englebright; No Same as) and (A.6395 –Perry; No Same as)
We support a co-op apartment bill at both the local and state level that would mandate that a co-op board must accept or reject a buyer in 45 days or less from the time that the board receives the application. Further, the board would also be required to notify the buyer that they received the application within 10 days of receiving it. Currently many buyers are forced to walk away from co-ops and financing secured, due to the length of time taken to deliberate on their application.
H. R. 9 (the Innovation Act of 2015)
This Act is critical to protect our industry from frivolous lawsuits brought by patent trolls.
1031 Like-kind Exchanges
A major real estate issue on the agenda for Congress is the matter of 1031 Like-kind Exchanges. Though comprehensive tax reform is not likely to be enacted in 2015, key members of Congress are still exploring the possibility of some limited tax changes. Lawmakers and their staffs must continue to be educated about the vital role that investment and commercial real estate tax provisions play in the nation’s economy. Congress should oppose proposals that would repeal like-kind exchanges.
Residential Fire Sprinkler Mandate | Status: Defeated
NYSAR opposes a proposal before the New York State Fire Prevention and Building Code Council which would amend the building code to mandate the installation of fire sprinklers in all new one and two-family homes and townhomes in New York. NYSAR supports consumer choice and incentives such as a tax credit proposal (A.4227/S.2587) versus a statewide mandate to install sprinkler systems in one and two-family homes and townhomes.
View the full list of Legislative Priorities that are promoted at that Local, State and National Levels:
“Yes, I want to make an investment in real estate”
Click on Real Estate Political Action Committee (RPAC) Pledge Form Below.
REALTOR® Register to Vote Campaign – Click Here to Register to Vote in New York State
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, the New York State Association of REALTORS or any of its local boards or associations 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 NYSAR PAC reaches its PAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after NYSAR PAC reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state and local candidates.