True or False: There is imputed knowledge between a transaction broker and a customer.

The scenario concerns the concept of imputed knowledge within the context of real estate transactions, particularly relating to the role of a transaction broker. In real estate, a transaction broker serves as a neutral facilitator who assists parties in a transaction without representing either party fully as an agent.

The statement is false because imputed knowledge typically refers to the idea that one party to a transaction is considered to have knowledge possessed by another party through their relationship. In the case of a transaction broker, they do not represent the customer as an agent and therefore do not have the same fiduciary duties or the same imputed knowledge that would be typical in agency relationships. In essence, information known by the transaction broker is not automatically imputed to the customer, as the transactional nature of the relationship does not create the same level of shared knowledge or trust.

The other choices touch upon conditions for imputed knowledge, which are generally associated with agency relationships rather than the transaction broker scenario. For instance, the option stating that it depends on the situation may imply a more nuanced relationship that doesn't apply in this context. Understanding the nature of the transaction broker's role clarifies why imputed knowledge is not applicable.