- Consumer Info
The real estate industry in Michigan is beginning to rebound and it is essential that we support candidates who are committed to continuing this improvement. That is why the MLTA-PAC is launching a new campaign, “MLTA Members Who Care”!
We all understand the importance of the MLTA and the work that it does to protect our industry. The efforts of the Legislative and Legislative Steering Committees and the important contacts made during our Annual Lobby Day are just a few examples of the vital work of the MLTA and its members. We thank everyone who has made the extra effort to get involved on behalf of the industry.
We also know that there are many more of you who would love to be more involved in furthering the objectives of the MLTA. But let’s face it, we all have numerous demands that pull us in many directions and not everyone has the ability to dedicate time away from the office. However, we all still have the ability to get involved in a key way and that is by making a contribution to the MLTA-PAC. Your contributions to the MLTA-PAC are used to support candidates who understand the value of the title insurance industry and the work that we do everyday. This support along with the efforts of our lobbyists, Tim Ward and Cami Pendell, help us maintain a seat at the table for the MLTA when legislation is proposed that could have a negative impact on our industry and all of our livelihoods! Will you be one of the “MLTA Members Who Care”?
“MLTA Members Who Care” is a simple yet important fundraiser for the MLTA-PAC. The MLTA-PAC is looking for 200 members to make a contribution of $100 or more to the MLTA-PAC. We know that budgets are tight; but, $100 is a little more than $8.30 per month. Many people spend this much or more on coffee each week. Is your industry and career important enough to make a $100 contribution to the MLTA-PAC?
By Tim McDonnell
It seems like every year the MLTA-PAC is asking for more and more money. They hold crazy fund-raisers, 50-50 drawings and just plain ask for money for the PAC! But, just what is a PAC? Why does the MLTA have a PAC? Where does all that money go? Who decides where the money goes? How do we decide who we support with that money? Why should I support the MLTA-PAC? These are just a few of the excellent questions that members of the PAC Committee are asked on a regular basis.
What is a PAC?
PAC is an acronym for Political Action Committee. A political action committee is a committee formed by a business, industry, labor organization or other special interest group. This committee is charged with the function of raising contributions from the organization or special interest group members. The funds raised by the political action committee are used to make contributions to the campaigns of political candidates whom the group or organization supports. Generally, these would be candidates who 1) have an understanding of the organization or industry making the contribution and 2) will keep the interests of the organization or industry in mind when making decisions on proposed legislation that may have an impact on that organization or industry. Wow! That’s a mouthful. In more basic terms, the PAC will use those funds to support political candidates who will be friendly to our industry.
Why does the MLTA have a PAC?
The PAC allows the members of MLTA to pool their dollars for political contributions. As we all know, there is strength in numbers. Politicians certainly appreciate any type of support that they receive; however, a contribution from the MLTA-PAC represents support from the more than one hundred member firms and the thousands of employees at those firms. This speaks loudly in Lansing and helps to get the voice of our organization and industry heard. By supporting candidates through the PAC, the MLTA has increased the recognition of our industry in Lansing. This, in turn, has increased our participation in the shaping of legislation that affects our industry and all of our livelihoods. I think we all agree that that is something important!
Where does all the money go? Who decides where the money goes?
All funds raised by the MLTA-PAC are placed in a bank account that is overseen by the MLTA Board of Directors. The funds in this account are used to make contributions to political campaigns and fundraisers. The decisions on who is supported and how much is contributed are made by the MLTA Board based on recommendations from our lobbyist, Tim Ward, and with input from the Legislative Steering Committee. Additionally, many recommendations come from members at large who have relationships with politicians from their local markets.