The 2022 New Mexico Legislative Session is in full swing at the Roundhouse. While the session will focus on the state budget, many other bills will be introduced that may affect you and others in the real estate industry. Here is the latest status on the bills GAAR & NMAR are monitoring on your behalf.

REALTORS® are many voices. We are one state. We share the vision.

REALTORS® advocate for policy that strengthens the ability of the public to own, buy, and sell real property. New Mexico members are 7,500 small business owners who live and work in the state. We make a significant economic impact with every home bought or sold.

We believe in protecting private property rights, increasing housing opportunities, and supporting a vibrant business community.

During this Legislative Session, we support Economic Development bills that would create or expand economic development opportunities and authorize public projects throughout the state.

We believe social security income should be tax-exempt and we support workforce and affordable housing for veterans and seniors. We support SB19 which would appropriate $70M to the NM Housing Trust Fund.

We also support increased penalties for copper theft.

We oppose transfer taxes and increased property taxes. And we oppose increased measures to protect non-paying tenants as many rental property owners are individuals who depend on that income to support their families and pay their bills.

How to Get Involved

One of the easiest ways GAAR members can help is to make your minimum contribution each year to the two groups that advocate all year long on behalf of your Real Estate business. Both organizations are bipartisan and support pro-REALTOR® Candidates who understand the real estate industry.

1.  RECPAC (Real Estate Community Political Action Committee)
The RECPAC Committee is comprised of six appointed GAAR Trustees and three appointed CARNM Trustees. The Trustees, along with Committee Members follow local issues and elections. They work in conjunction with pro-business organizations to assist with Calls To Action or interview candidates for city and county elections.

To invest your minimum yearly amount of $15, contact GAAR Membership at 505-842-1433, option 5.

2.  RPAC (REALTOR® Political Action Committee)
RPAC is key to protecting home buyers, sellers, and the real estate industry at the Federal level. Your investment supports one of the strongest advocacy organizations in the nation by earning us a seat at the table with legislative and policy decision-makers.

To invest your minimum yearly amount of $15, click here.