Two CCIMs Inducted into RPAC Hall of Fame
National Association of Realtors honors two CCIMs at Midyear Meetings in Washington, D.C.Posted on Aug 23, 2016
Two CCIM designees were inducted into the 2015 Realtors Political Action Committee Hall of Fame at the May 10 ceremony during the National Association of Realtors' Midyear Meetings in Washington, D.C. RPAC, a national bipartisan political advocacy organization, is a voluntary political action committee of the NAR focused on protecting the interests of the real estate industry by participating in government affairs at all levels. The RPAC Hall of Fame recognizes dedicated members whose investments total an aggregate of at least $25,000.
CCIMs inducted in the $25,000 level include Chip Watts, CCIM, president of Watts Realty Co, Inc., in Birmingham, Ala., and Tray Bates, CCIM, president of Bates Commercial LLC in Corpus Christi, Texas. Another 108 CCIMs qualified as RPAC Major Investors, which consist of investors who make an annual contribution of $1,000 or more. As more CCIM members take an active role to advance the commercial real estate industry and public policy, the number of CCIMs investing in RPAC has more than quadrupled compared to 2015.
“I am humbled to be inducted into the RPAC Hall of Fame, but it does not mean that I can stop investing,” Watts says. “Early in my career my grandfather told me, 'if you are in the real estate business, then your business is politics,' and such statements ring true as I've discovered that legislative affairs across all spectrums absolutely govern commercial real estate.”
From critical legislative issues and tax reform, such as the Internal Revenue Code Section 1031 like-kind exchanges, to the combining of multiple municipal business licenses into single county-wide licenses for a significant reduction in fees, RPAC allows CCIMs to be proactive in educating lawmakers at the federal, state, and local levels.
“I have been actively investing in RPAC since I started in the business in 1998,” Watts says. “Being a small, fourth generation family-owned and operated business, we have to determine the best and most efficient way to spend money to benefit our company and our industry.”
As of Aug. 16, 2016, contributions from CCIMs totaled more than $257,000 from 7,248 CCIM designees across the U.S.
Visit NAR's Realtor Action Center to learn more about and contribute to RPAC.