Thanks to your generous contributions in 2010, RPAC funds were used to protect home ownership and private property rights by supporting Pro-REALTOR® candidates in local, state and national elections. Your RPAC contributions make a difference and the following is a brief list of just some of the recent legislative accomplishments:

• The federal tax credit of $8,000 for First Time Homebuyers was enacted and was in effect through April 30, 2010.
• Permanent ban on banks entering the real estate brokerage and management business.
• Worked to ensure commercial property owners have access to mortgage capital needed to refinance existing short-term commercial loans.
• Senate Bill 3747 declares private transfer fee covenants, which would require future buyers or sellers to pay a private transfer fee to whoever is designated in the covenant on all future transfers, to be invalid and against public policy.
• House Bill 6038 extended the Illinois income tax credit for certain donations for affordable housing purposes until 2016.
• House Bill 5677 made changes to Illinois “good funds” law regarding monies at closings.
• Partnered with the local Homebuilders Association to oppose the mandating of Residential Sprinkler Systems for new construction homes in the City of St Charles.
• Members of RAFV participate on the Economic Development Advisory Committee for Elgin Legislators.

RPAC is your best investment in real estate --- Together we can make a difference!