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RPAC Ensures a Strong Market and Supports Commercial REALTORS®
INVEST IN RPACNOTE: You must be an NAR member (with an NRDS number) to donate.
Recent Commercial REALTOR® Wins
- Championing the passage of COVID-19 business liability protections for REALTORS®, protecting them from COVID-19-related lawsuits.
- Ensuring real estate services were classified as “essential” during COVID-19 lockdowns, allowing business to continue safely while much of the economy came to a standstill.
- Securing a MASSIVE cut to Florida’s sales tax on commercial leases, known as the Business Rent Tax. The tax will be reduced from 5.5% to 2%, a historic $1.23 billion cut.
- Ending the federal eviction moratorium that has threatened the livelihoods of countless housing providers.
Continued Lobbying for Commercial REALTORS®
- Working with NAR to protect the Section 1031 Like-Kind Exchange, which is facing proposed reforms to limit its scope in Washington, D.C.
- Continuing the effort to eliminate Florida’s Business Rent Tax.
- Ongoing monitoring of state and federal actions to ensure legislation does not pass that could negatively impact commercial REALTORS®.
Big Wins in the Past for Commercial REALTORS®
- Passage of two commercial real estate lien acts ensured commercial brokers don’t have to renegotiate their commissions at closing.
- Repealed local business taxes, saving real estate associates $3.8 million annually.
Invest in the future of your profession!
INVEST IN RPACNOTE: You must be an NAR member (with an NRDS number) to donate.
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