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
09/23/2008

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.<-->