Karađorđević dynasty
Račić is reported to have had connections with the ruling Karađorđević dynasty. He was the leader of the "Association of Serbian Chetniks "Petar Mrkonjić" – For King and Fatherland" until 1928. The movement was established following a split in the Chetniks in 1924 and built up a vast network across Bosnia and Herzegovina in the ensuing years. It maintained a close relationship with the Serbian National Youth (, SRNAO).