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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  May 16, 2011  |   Political Survival Initiative Passes
The REALTORŪ Party Political Survival Initiative (RPPSI), which raises NAR’s political expenditures in the wake of a Supreme Court ruling that lifts soft money restrictions, was passed with very little dissent at the NAR Board of Directors meeting Saturday in Washington, D.C.

Shortly after the motion to approve RPPSI passed, the directors voted on another motion that addressed funding for the initiative. Although there were two proposals on the floor covering how the initiative would be funded, the NAR Executive Committee had recommended raising dues $40 to cover the expenses. That recommendation was approved on a voice vote. The dues increase will take effect in 2012.

In remarks preceding the initial vote to approve RPPSI, 2003 NAR President Cathy Whatley pointed out that 73 percent of the funds will go to supporting specific political issues — such as defending the mortgage interest deduction — and member mobilization.

Referencing the Supreme Court case, Citizens United v. Federal Election Commission, Whatley said, “The result of this needs to be REALTORSŪ united. This is our road map.”

Funding for campaigns of national candidates still has to come from “hard” dollars, such as those raised by RPAC.

“This initiative does not replace RPAC,” Whatley said. “Our voluntary contributions are still critical.”

During the discussion of new business, a motion to reconsider RPPSI funding was put on the floor. NAR President Ron Phipps put the motion to a vote, asking members who favored reopening the issue to stand. The motion was rejected unequivocally by the directors.

— Brian Summerfield, REALTORŪ Magazine

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