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.

Wednesday, October 22, 2008

NC Homeowners Alliance Send Realtor PAC Money

According to a new report filed with the IRS the North Carolina Homeowners Alliance made a contribution of $50,000 to RPAC, the National Realtors Political Action Committee. On the last page there is this entry:

Recipient's name, mailing address and ZIP code:
Realtors Political Action Committee
430 N. Michigan Avenue
Chicago, IL 60611

Purpose of expenditure
Contribution to National Realtors Political Action Committee

Amount of Expenditure
$ 50000
Date of expenditure
The North Carolina Homeowners Alliance is a 527 political committee funded by a mandatory assessment on all NC Realtors by the NC Association of Realtors. This contribution of $50,000 to RPAC would appear to exceed Federal contribution limits, would appear to violate the limitations on corporate contributions and on the electioneering activities of a 527 committee.<-->

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