RPACs Top 10 Most Asked Legal Questions

1
RPACs Top 10 Most Asked Legal Questions

• Ralph Holmen
• NAR Legal Counsel

2
RPACs Top Ten Legal Questions

• May we do above the line dues billing for RPAC
  contributions?

3
RPACs Top Ten Legal Questions

• If soft money is illegal for federal political
  purposes, what does RPAC do with it?

4
RPACs Top Ten Legal Questions

• Do contributions deposited into a Boards
  treasury account become tainted corporate monies
  that are unacceptable by RPAC?

5
RPACs Top Ten Legal Questions

• May a broker collect Board dues from his
  salespeople, including an RPAC contribution from
  those who voluntarily elect to make one, deposit
  that money in the brokerage firm account and
  transmit both dues and RPAC contributions to the
  Board using a corporate firm check?

6
RPACs Top Ten Legal Questions

• Are RPAC contributions tax deductible?

7
RPACs Top Ten Legal Questions

• Can affiliate members of a Board contribute to
  RPAC?

8
RPACs Top Ten Legal Questions

• From whom may the Board receive donations or
  merchandise to be used in connection with a Board
  RPAC fundraising event?

9
RPACs Top Ten Legal Questions

• What must be done with contributions returned to
  a State PAC because they were not transmitted to
  RPAC in a timely manner?

10
RPACs Top Ten Legal Questions

• Our Board wants to hold a fundraiser for our
  Congressman, who we really like and who already
  received a maximum contribution from RPAC. May we
  do that?

11
RPACs Top Ten Legal Questions

• Can our firm take up a collection to make an RPAC
  contribution in the name of agents who refuse
  to contribute, so that our firm can achieve 100
  participation distinction?

12
BONUS QUESTION!

• How do we reach Ralph Holmen if we have other
  questions about RPAC?

Telephone [phone] Fax [phone] Email r
holmen_at_realtors.org