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Special Compensation Hearing
Special Compensation Hearing
- Licensee
- Katharine Virtanen
- Brokerage at Time of Sanctioned Activity
- Planet Group Realty Inc.
- Current Brokerage
- Special Compensation Hearing Date
- 25 May 2020
Summary
The Council received a claim for compensation from the Special Compensation Fund from Mr. Schut and Ms. MacCallum in connection with the actions of Ms. Virtanen. 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.
Results
A Compensation Committee of the Council found that Mr. Schut and Ms. MacCallum suffered a compensable loss as a result of the conduct of Ms. Virtanen and assessed that loss in the amount of $30,000.
The Compensation Committee directed that a certificate be issued in that amount.