Multi-year REALTOR® effort ends Monee transfer stamp policy

Tom Joseph

IAR GAD Tom Joseph

The elimination of a real estate transfer stamp in Monee, Ill., shows the power of RVOICE, and underscores the value of the Illinois Association of REALTORS®’ political advocacy.

In 2005 and 2007 Monee tried by referendum to implement a transfer tax. Both efforts failed, in large part due to IAR advocacy mailings and member lobbying.

Undeterred, the then mayor and the city attorney implemented the transfer stamp, and added requirements to transactions that often delayed property sales. While REALTORS® were able to remove some barriers to property sales, the transfer stamp policy remained firmly in place.

Flash forward to April.

REALTORS® met with first-term Trustee Jay Farquhar, who was considering a challenge to the incumbent mayor who refused to amend or repeal the policy. Farquhar agreed with IAR’s position, and he interviewed with the Mainstreet Organization of REALTORS® Political Action Committee and separately was reviewed by the NAR/IAR Independent Expenditure program.

Farquhar won the mayoral race, and last week the city council eliminated the transfer stamp policy.

“This is a great example of our collective efforts across the board lobbying, advocacy, legal counsel and — when needed– independent campaign funds to get it done,” said Tom Joseph, an IAR government affairs director who was involved throughout the process.

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About Jon Broadbooks

Jon Broadbooks is Director of Communications for the Illinois Association of REALTORS®. He supervises and carries out the implementation of the communications programs for the Association. He directs and supervises the Communications staff. He is responsible for coordinating and implementing the public relations and media relations efforts for the Association and acts as spokesperson and liaison to the statewide news media. He serves as editor of online and print content for IAR communications including the Illinois REALTOR® magazine and e-newsletters. He conducts IAR spokesperson training seminars and oversees the operation of website development for the Association.