ATLANTA, Oct. 12, 2012 (GLOBE NEWSWIRE) -- U.S. Representative Sanford Bishop announced an endorsement today from the REALTORS® Political Action Committee (RPAC), the political arm of the National Association of REALTORS®, following a unanimous recommendation for support from the Georgia REALTORS®' RPAC Trustees. In a statement, Georgia REALTORS®' Federal Political Coordinator Greg Dunn cited Congressman Bishop's hard work on housing issues during his tenure in Congress as the primary reason for their support.
"Congressman Bishop has been a strong leader for homeowners and he supports REALTORS®. He proved he was a champion for homeownership when he fought to protect the mortgage interest deduction by co-sponsoring a House Resolution that is so important to our industry," Dunn stated.
"Congressman Bishop further demonstrated his knowledge on issues impacting our industry when he joined an effort to stop proposed regulations that would impose a 20 percent down payment requirement for qualifying residential mortgages," Dunn continued. "In Congress, I have every confidence Representative Bishop will continue to stand up for homeowners and REALTORS® , and ensure our voice is heard."
The Georgia Association of REALTORS® (also referred to as "Georgia REALTORS®") is a voluntary professional association of approximately 26,000 licensed real estate brokers and salespersons engaged in all aspects of the real estate business throughout Georgia. GAR is the leading advocate for the real estate industry in Georgia, committed to protecting private property rights and free enterprise, maintaining ethical and professional standards, and enhancing the public's awareness and confidence in REALTORS®.
The National Association of REALTORS® was founded in 1908 and is America's largest trade association with approximately one million members including NAR's five commercial real estate institutes and its societies and councils. REALTORS® are involved in all aspects of the residential and commercial real estate industries and belong to one or more of some 1,400 local associations or boards, and 54 state and territory associations of REALTORS®. Candidates that receive support from RPAC are not selected based on their political party or ideology, but solely on their support of real estate issues.