At NAR’s mid-year meeting, its Board of Directors overwhelmingly approved the REALTOR® Party Political Survival Initiative (RPPSI) — a two-year, $80 million program designed to enhance Realtors’ political clout in a post-Citizens United world.
Under RPPSI, more than half NAR’s budget would be allocated specifically to political advocacy; of that money, one third would be for local Realtor associations, one-third for state associations (e.g., VAR), and NAR would use a third for Federal-level policy initiatives.
The big jump in political spending — RPPSI also involves a $40 dues increase — was made necessary by that Citizens United ruling, in which the Supreme Court ruled, essentially, that corporations could fund political broadcasts during elections without limits. The result has been an outpouring of cash into the election process, and NAR’s Board realized the need to counter those corporate dollars.
Despite some controversy over the plan, it was approved at the mid-year conference quickly and with little debate.