The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on “phantom income” from forgiven debt. Many families have decided not to go through with short sales or seek workouts because of the uncertainty over the status of the waiver. Please urge your representative and senators in Congress to extend this tax relief now.MORE >
- Virginia REALTORS® Emphasize Link Between Good Schools and Good Communities
- Charleston REALTORS® Help Shape Common-Sense Historic Preservation Code
- Northern Kentucky REALTORS® Offer New Park Benches for Walking Trail
- Pocatello REALTORS® “Step it Up” for RPAC With Surf & Turf Fundraiser
- Knoxville REALTORS® Shape Local Sign Ordinance Into One That Makes Sense for All
- NAR Leadership Team Recommendations On RPAC Fundraising Goal Policies
We are the REALTOR® Party.
It is critical for REALTORS® to speak with one voice about the stability that the real estate market brings to our communities. From city hall to the state house to the U.S. Capitol, elected officials make decisions that have an impact on the bottom line of REALTORS® and their customers. The REALTOR® Action Center is where you learn how Voting, Acting and Investing in RPAC builds our political strength at every level of government.
How much do you save by being a member of the Realtor Party?
|Use our calculator to determine how legislative and regulatory issues impact your bottom line.|
RPAC: Your Best Investment in Real Estate
|Find out why REALTORS® believe RPAC is the best investment they can make to protect their business.|