Special Compensation Hearing

Published on 10 April, 2019

Female lawyer reviewing documents
Licensee
Johnson Salanga, Imelda Bulaqui
Brokerage at time of sanctioned activity
West Coast Realty Ltd.
Special Compensation Hearing date
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

POSTED ON: April 10, 2019

LENGTH OF PUBLICATION ON WEBSITE: 5 years