From NAR Public Affairs:
A March 7 article in Inman News alleges that the real estate industry is behind former Secretary of State Hillary Clinton more than any other presidential candidate.
The article cites NAR’s support of, and invitation to, Secretary Clinton to speak to REALTORS® at the 2013 REALTOR® Conference & Expo in San Francisco.
The article would benefit from more context. The association strives to select General Session speakers who play an important role in shaping our country’s public policy discourse, and NAR invited Secretary Clinton to share her experiences serving our country as First Lady, U.S. Senator, and Secretary of State. Her remarks followed a long line of similar NAR speakers over the years, including former secretaries of state Condoleezza Rice and General Colin Powell.
Expenses associated with hosting the Secretary were covered by conference registration fees; no member dues were used to support her speech.
As the Inman article asserts, throughout her career, Clinton has been a friend to REALTORS®, and she championed several important real estate initiatives during her time as the U.S. senator from New York, for which she received REALTOR® support.
She was the lead Democrat sponsor of the Community Choice in Real Estate Act, which sought to permanently prohibit banks from engaging in real estate brokerage, during several congressional sessions. She also introduced legislation to enable homebuyers in high cost of living areas to take advantage of Federal Housing Administration loan programs through increased loan limits. These were top legislative priorities for REALTORS®.
In addition to support for Sen. Clinton, the REALTORS® Political Action Committee (RPAC) has also made contributions to Sens. Ted Cruz (R-Texas), Marco Rubio (R-Fla.), and Bernie Sanders (I-Vt.) for their congressional re-election efforts.
RPAC’s mission is to identify candidates for elected office who will work with REALTORS® to promote and protect the American Dream of home and property ownership, and it has supported many candidates in that endeavor. In the 2014 congressional elections, RPAC supported 457 candidates for the U.S. House of Representatives and Senate.
The REALTOR® Party supports candidates of both parties; it is recognized as the most bipartisan PAC in the country with disbursements nearly evenly divided between the two political parties’ candidates. At the same time, the association does not endorse presidential candidates.
More on NAR’s political involvement at the national level is available at Realtoractioncenter.com
This post is from NAR Public Affairs.
Source: Speaking of Real Estate
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.