BY THE NUMBER$ . . .
RPAC makes a difference. Just look at the numbers!
Without your support, RPAC cannot remain a powerful voice on key legislative issues. Your dollars help us make our voice heard.
Defeated a 500% Increase
In 2015, we helped to defeat a budget amendment that would have increased the deductible that property owners, including YOUR clients, pay to have their leaking underground oil tanks cleaned up and repaired by 500%. The current $500 deductible was proposed to go up to $2,500.
The petroleum tank increase was a budget amendment.
Prison time: 1 to 6 years
We added a felony charge to any criminal who lures or entices a Realtor to a property with the intent to do harm. The added felony will increase a criminal’s sentence by up to 6 years.
The 1-6 years are the statutory sentencing guidelines.
Save $150 – $500/hr. on attorneys’ fees
We continued to refine legislation that allows property managers to represent your clients in General District court without needing an attorney. So, how much would your attorney charge per hour?
Typically, attorney fees range from $150 – $500/hr.
$12,000 back to consumers
Under a new law that VAR drafted, we have made it easier Virginia consumers who have received a court judgment to collect damages from the Real Estate Transaction Recovery Fund. The average claim is approximately $12,000.
The $12,000 figure is an estimate given to us by the DPOR finance staff on the average claim that comes before the Board.
Wiped out $200/per Sign Fines
We worked with a state legislator to prevent a proposal creating daily fines of $200 for any sign in any public right of way. How often do you use such signs for your listings? 10 days for 1 sign = $2000
The $200 per sign was the language in the proposed bill we were able to stop.
RPAC of Virginia in Action
Our advocacy team drafts legislation, works with elected officials to sponsor bills and shepherd them though legislative or government channels for approval. In addition, VAR’s Advocacy team serves as a governmental watchdog to ensure that regulations or laws are not enacted that impair or penalize REALTORS® and property owners, working diligently to block legislation.
Significant RPAC of Virginia’s Victories:
- Implemented civil penalties for unlicensed real estate practices
- Defeated lawyer-only closing requirements
- Approved BPOL tax reform
- Enacted “Amnesty for Honesty” for brokers
- Passed tougher reciprocity requirements on applicants from other states
- Mandated criminal history background checks for real estate license applicants (including fingerprinting)
- Reviews and helps reform licensing regulations
- Approved legislation allowing agents to incorporate and form limited liability companies
- Passed a 3-year statute of limitations on complaints to the Real Estate Board
- Passed landmark agency disclosure legislation
- Approved legislation allowing brokers to form limited liability companies and agents to incorporate
- Implemented civil penalties by Real Estate Board against unlicensed real estate agents
- Approved legislation clarifying the right of lay settlement agents (REALTORS®) to perform ministerial acts
- Banned the double taxation of the gross receipts (BPOL) tax
FOR PROPERTY OWNERS
- Created Common Interest Community Board to regulate HOAs and COAs
- Approved changes to the Commercial Brokers Lien Law consistent with a recent Virginia Supreme Court decision
- Approved vested rights legislation
- Passed legislation that provides that no locality shall require cash proffers prior to the issuance of building permits
- Approved legislation to provide for lay-settlement, REALTOR® closings of commercial transactions
- Defeated Transferable Development Rights (TDRs)
- Defeated mandatory rental inspection legislation
- Fairer determination of basis for recordation and grantor’s taxes
- Approved tax credits for building renovation and replacement of residential or commercial buildings
- Defeated statewide grantor’s tax legislation
FOR ALL VIRGINIANS
- Helped pass statewide transportation funding bill
- Participated in the Virginians for Better Transportation Coalition
- Supported regional transportation referendums
- Established the Housing Revitalization Zone Act
- Introduced “Affordable Housing Trust Fund” legislation
- Passed legislation requiring economic impact statements on all new regulations when they are proposed
- Defeated recordation fee increase
- Defeated legislation enabling localities to limit building permits based on population growth
- Passed Brownfield revitalization legislation
- Protected the Real Estate Transaction Recovery Fund