REALTOR Action Fund (RAF)

Real estate transactions and your profession are constantly under attack. For example, Federal representatives are looking to abolish or cap the Mortgage Interest Deduction (MID), while Sacramento and local municipalities are looking to solve budget problems which can affect real estate transactions. These ideas are just a few topics that would impact your ability to do business and serve the community.

One of the most important services organized real estate provides is representation in the halls of government. REALTOR® Action Fund (RAF) raises money to advance the goals of our REALTOR® political action committees (PACs) at the local, state, and federal levels of government. RAF supports and/or opposes candidates for elected office who understand, or don't understand, REALTOR® Issues.

The REALTOR® Action Fund (RAF) raises money to promote the values, attitudes, and beliefs of organized real estate; on the local, state, and federal levels. Every dollar is used to protect and advance REALTORS’® interests in government.

1. The Good:
  • AVOIDED: $225 Per-Transaction Recording Fee (Transfer Tax): C.A.R. stands ready to fight any future proposals!
  • AVOIDED: 3% Independent Contractor Withholding: 3 times within the past 2 years! Politicians proposed an acceleration of income tax payment in the form of 3% withholding.
  • AVOIDED: Point-of-Sale Bills: Multiple bills were introduced, which if passed, could have resulted in, as much as, $20,000 of costs per home to close escrow.
  • AVOIDED: Service Tax: Sales tax on services including ALL real estate related services.
2. The Bad:
  • MORTGAGE INTEREST DEDUCTION: Could be eliminated or severely reduced!
  • GSE & MORTGAGE REFORM: This could significantly increase down payment requirements, limit the amount of mortgage money available, and raise interest rates!
  • POINT-OF-SALE: Always more to come!
  • INCREASED RECORDING FEES: This will return as the state struggles to find revenues to replace expended one time housing bond monies with an ongoing revenue stream.
3. The Ugly:

WHAT WILL YOUR BUSINESS LOOK LIKE IF THESE THREATS BECOME A REALITY? The REALTOR® Action Fund helps to protect private property rights, homeownership, and YOUR business.

To learn more visit: http://www.car.org/governmentaffairs/raf/