RPAC: Your Investment Provides $13,488!
Your RPAC investment helped us elect 90% of our REALTORŪ-endorsed candidates. Those are the local, state and national candidates who understand our issues and support REALTORSŪ in our fight to protect homeowners, improve our quality of life and the marketability of property in our neighborhoods.
Through RPAC we have won many victories that strengthen your real estate business today:
Reduced Business & Occupation TaxREALTORSŪ convinced the state legislature to roll back the B&O tax on real estate services. Since 1997 you have been saving $25 per transaction in B&O taxes.
If you do 10 transactions in a year, your savings is ...............................................................................................$250Provided More HomesREALTORSŪ led the effort to pass legislation that accommodates population growth by increasing housing opportunities in communities. This means an additional 39,644 new homes each year. That's an average of 1.5 home sales per REALTORŪ.
Adding to your bottom line at least............................................................................................................................. $5,738Cut Capital GainsREALTORSŪ convinced Congress to increase the amount excluded from tax when you sell your principle residence. The year following this change, 600,000 more homes sold than in the previous year. That's one extra sale for every REALTORŪ in the county.
For every agent each year, that's an extra...............................................................................................................$3,825Stopped Tax on Real Estate CommissionsREALTORSŪ stopped the legislature from adopting a sales tax on your commissions. That would have been 8% of your bottom line!
Every year, the average REALTORŪ saves...............................................................................................................$2,400Buried an Increase in Real Estate TaxesREALTORSŪ led a successful campaign to stop a $1657 increase in the real estate excise tax that would have shut out 7,604 households, your clients, from buying a home.
Saving each REALTORŪ.................................................................................................................................................$1275