Why REALTORS® care so much about statewide Proposition 1
10/27/2015 | Author: Mark Lehman
In Lehman's Terms
You’ve probably come across direct-mail pieces, social-media posts, television and radio ads, or newspaper op-eds encouraging Texans to vote for statewide Proposition 1 on the November 3 ballot. These materials are part of a major campaign by the Texas Association of REALTORS® to ensure passage of statewide Proposition 1.
Why does TAR care so much about Proposition 1? Because we advocate for private-property rights in Texas, and this Homeowner Tax Relief Proposition lowers property taxes and bans a future tax on real estate transactions. The cost of homeownership is of paramount importance to the Texas Association of REALTORS®, because any increase in these costs hurts homebuyers—especially first-time and low-income homebuyers.
But our efforts don’t stop with property taxes. The Texas Association of REALTORS® constantly watches for practices that harm consumers, such as predatory lenders who target vulnerable homebuyers and the unjust use of eminent domain for personal gain. We also work to stop any proposals that would weaken the consumer protections in the state’s home-equity statute.
Real estate is the driving force behind the state’s economy, and it remains the primary way many Texans accumulate wealth. You can rest assured the Texas Association of REALTORS® will remain at the forefront of public policy efforts to protect consumers’ rights and maintain a strong real estate industry.
I will see you at the polls on November 3.
Mark Lehman is vice president of Governmental Affairs at the Texas Association of REALTORS®. Political ad by the Texas Association of REALTORS®.
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