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

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Thank you!