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CLAIMANT: Imelda Bulaqui
LICENSEE: Johnson Castaneto Salanga
CURRENT BROKERAGE: N/A
BROKERAGE AT TIME OF ACTIVITY: West Coast Realty Ltd. Dba Sutton Group-West Coast Realty
DATE OF DECISION: January 29, 2019


 

SUMMARY

The Council received a claim for compensation from the Special Compensation Fund from Ms. Bulaqui in connection with the actions of Mr. Salanga. A hearing was held to determine whether the Claimant’s funds were:

  1. Misappropriated or wrongfully converted;
  2. Intentionally not paid over or accounted for; or
  3. Obtained by fraud.

RESULTS

A Compensation Committee of the Council found that Ms. Bulaqui suffered a compensable loss as a result of the conduct of Mr. Salanga and assessed that loss in the amount of $95,000.00.

The Compensation Committee directed that a certificate be issued in that amount.

REFERENCES

Real Estate Services Act

 


HEARING DECISION: Full hearing decision available as a PDF and through the Canadian Legal Information Institute
POSTED ON: April 10, 2019
LENGTH OF PUBLICATION ON WEBSITE: 5 years