Industry News

Realtors PAC is big spender in election

Nearly all association-backed candidates claim victory

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The National Association of Realtors, the largest trade group in the nation, backed a lot of winners in the latest national election and its political action committee outspent all other PACs. The association reported that it spent a record $13 million in the 2003-04 election cycle, and its PAC raised $7 million and distributed $4.2 million in direct contributions to federal candidates. The $13 million included dues-funded political advocacy activities for some candidates. The Realtors PAC supported 439 candidates for the U.S. House and Senate in the election cycle, and 424 candidates won their races. "RPAC's record of success this year demonstrates that Realtors are among the most politically active and engaged citizens in the country," said Al Mansell, association president and CEO of Coldwell Banker Residential Brokerage in Salt Lake City. "Realtors are proud to have successfully supported several high-profile candidates for Congress who support private property rights and he...