The North Carolina Association of REALORS® has approved a plan to spend $10 million on an advocacy fund to educate the public about the value of private property and affordable housing.
The organization particularly opposes any state or local government effort to impose a real estate transfer tax. Since November 2007, 19 counties have voted down real estate transfer tax proposals.
"This is a defining moment for our association," says Wendell Bullard, the 2008 president of the organization. "By their action today, our members have committed to continue our battle against issues that threaten homeownership and private property rights. We have been successful in the past, and we are equipped to be successful in the future."
Source: North Carolina Association of REALTORS® (06/11/08)