Real Estate Trade Groups Review PAC Donations After DC Unrest

House republicans Kevin McCarthy, Blaine Luetkemeyer and Steve Scalise have all received more than $100,000 from real estate PAC donations. (Getty)

 

Last week’s violence at the U.S. Capitol Building has led many banks and corporations to rethink their approach to political donations. Now, some real estate groups are following suit.

Using data compiled by the Center for Responsive Politics, an analysis by The Real Deal found that 10 major real estate-related trade groups had contributed in the 2020 election cycle to members of the so-called “sedition caucus” — the 147 Republican lawmakers who objected to Electoral College results in the presidential election.

As previously reported, the National Association of Realtors was among the largest such donors, contributing $1.27 million. Counting only donations of $10,000 or more, NAR’s political action committee donated $834,000 to 56 Electoral College objectors. Nine other real estate groups donated at least $100,000 each, as the below table shows.

NAR did not announce any changes to its stance on political contributions, noting in a statement that “decisions regarding our involvement in the 2022 federal elections will be made by following the same procedures and considering a multitude of factors impacting our nation and its real estate sector.”

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