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:
- Misappropriated or wrongfully converted;
- Intentionally not paid over or accounted for; or
- Obtained by fraud.
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.
Real Estate Services Act
- 62(1) [Referral to compensation committee]
- 63 [Compensation committee may conduct, postpone or decline hearing]
POSTED ON: April 10, 2019
LENGTH OF PUBLICATION ON WEBSITE: 5 years
Special Compensation Hearing
Full special compensation hearing is available as a PDF.