Before we tell you the reasons why you should invest in TREPAC (a.k.a your career), we’ll start with telling you what TREPAC is, and what it does for you and your business.
What is TREPAC?
TREPAC stands for Texas Real Estate Political Action Committee. It is a non-partisan political action committee that is focused on supporting candidates that support the rights of private property, homeownership, and the real estate profession. TREPAC focuses on having the right people in the right place at the federal, state, and local level. It is a completely voluntary, nonprofit organization that ensures the REALTOR® voice is heard in Congress and at the State Capitol.
Now that you have the what TREPAC is, here is the why.
The real estate industry faces constant legislative and regulatory proposals which can negatively impact your business. REALTOR® representation is huge for fighting these proposals that could potentially create barriers to property ownership, increase any costs of doing business and real estate transactions, and helps to maintain the positive environment we have in the real estate industry. Investing in TREPAC is the best way to be an advocate for your clients and insuring success for your business. You insure everything else in your life. Why not insure your business?
How TREPAC is already helping you.
One of our own, Vicki Fullerton, the 2017 TAR Chair, has displayed how TREPAC helps provide REALTORS® a seat at the table by cultivating relationships with our elected officials. In late 2017, Congressman Kevin Brady sponsored the Tax Reform and Job Act that was passed and has now become law. Through Ms. Fullerton’s relationship with Congressman Brady, the Tax Reform Mortgage Interest Deduction Cap was able to come to a middle ground with a $750,000 cap versus the $500,000 cap that was originally proposed. Thank you, Ms. Fullerton, for all your hard work for homebuyers and REALTORS® everywhere.