Thank you For Your Commitment to C.A.R.’s Government Affairs Team! Homeownership Matters!

Thank youFor Your Commitment to C.A.R.’s

Government Affairs Team!

Homeownership Matters!

Get Involved!

• Red Alert: An email that we ask members to respond to

• Legislative Liaison: Members who vote and respond toRed Alerts.

• Broker Involvement Program: A new program created to help increase our response rate for Red Alerts

• Legislative Day: First Wednesday in May

What is the REALTOR® Action Fund?

The REALTOR® Action Fund (RAF) is the money raised to advance the goals of our REALTOR® political action committees (PACs) at the local, state and federal levels of

government.

What Does the REALTOR® Action Fund Do?

REALTOR® ACTION FUND Makes Sure That:

“Good Laws” (What REALTORS® Wants) Get Passed!

“Bad Laws” (What REALTORS® Don’t Want) Get Defeated!

The Good: Successes:

• DEFEATED: $225 Per-Transaction Recording Fee (Transfer Tax): C.A.R. stands ready to fight any future proposals!

• DEFEATED: 3% Independent Contractor Withholding: 4 times within the past 2 years! Politicians proposed an acceleration of income tax payment in the form of 3% withholding.

• DEFEATED: 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.

• DEFEATED: Service Tax: Sales tax on services including ALL real estate related services.

The Bad: Current Threats:

• MORTGAGE INTEREST DEDUCTION: Could be eliminated or severely reduced!

• GSE & MORTGAGE REFORM: This could significantly increase the down payment requirements, limit the amount of mortgage money available, and raise interest rates!

• INDEPENDENT CONTRACTOR WITHHOLDING: This issue will be back again;

• INCREASED RECORDING FEES: This will return as the state struggles to find revenues.

• POINT -OF-SALE: Always more to come…

• The Ugly: How your business could look if these threats become a reality!

C.A.R. Voluntary RAF Levels

$49 Voluntary Level$148 The True Cost of Doing Business:

RAF Pin Invitation to Capitol Reception on Legislative Day

$449 California Silver BearSilver Bear Pin and Invitation to C.A.R. Political Receptions

California Gold President Circle VIPs (Lifetime contributors exceeding $10,000 )

Solid Gold RAF President Circle Pin with precious stones Personalized V.I.P Card which includes a host of benefits

A Very Special Thank You to ALL 2012 C.A.R. Voluntary RAF Contributors!

California Silver Bear$449

“True Cost of Doing Business”

Contributors

$49 RAF Voluntary Contributors

$49 RAF VoluntaryContinued….

$49 RAF VoluntaryContinued…

Thank you!

Thank you For Your Commitment to C.A.R.’s Government Affairs Team! Homeownership Matters!

Documents

Transcript of Thank you For Your Commitment to C.A.R.’s Government Affairs Team! Homeownership Matters!