This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Thursday, July 31, 2008

Behind the RPAC Curtain

Members of the NC Association of Realtors who make a contribution to the Realtors Political Action Committee [RPAC] are actually making contributions to two PACs. 70% of the contribution goes to the state PAC known as the NC Realtors PAC and 30% goes to the national PAC known as RPAC.

Find out more about RPAC in its own words by reading the RPAC FAQ for Federal Political Coordinators or a detailed Powerpoint presentation on RPAC Administration or a handy list of Acronyms & Terminology Commonly used in Government Affairs which includes items like these:

NAR’s RPAC Major Donor Levels (per year)
Golden R Member: $ 5,000
Crystal R Member: $ 2,500
Sterling R Member: $1,000
Hall of Fame: $25,000 in aggregate contributions to RPAC
President’s Circle: Individual direct contribution program where $2,000 is given directly to NAR designated congressional candidates from Major Donors.
That's what is known as bundling and explains how NAR and NCAR could claim credit for contributions in support of Richard Burr beyond expenditures shown in federal reports to the Federal Election Commission and the Internal Rrevenue Service.
To join the program, you must contribute a total of $2,000 in personal contributions, in addition to your RPAC contribution, each calendar year. You must be a RPAC Major Donor of Golden, Crystal, or Sterling R level to participate. President's Circle members receive bipartisan requests throughout the year from NAR to use their funds to make contributions to national political party committees and/or NAR-selected federal candidates.

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