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

Realtors Already Forced to Spend on PAC

$196,763.44 has been spent to date by the North Carolina Association of Realtors on administrative support for the NC Realtors PAC since the beginning of 2007 the first period for which the PAC started reporting these amounts to the State Board of Elections. This is not PAC contribution money. This is NCAR member dues spent supporting the PAC and amounts to about $5 per member. From the perspective of election law it is legal for a corporation to make reasonable in-kind contributions to the administration of its own PAC. However, the amount of dues represented by the spending on the PAC is not tax-deductible and I doubt that many members are aware of or approve of this spending from their dues.

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