Broker Anna shows Jeff a rental property. After reviewing the financial analysis she has prepared for the property, he decides it is a good investment and proceeds to purchase it. Later, Jeff learns that Anna's analysis did not include management fees and maintenance expenses. What violation of the license law has Anna committed?

A. Misrepresentation
B. Commingling of funds
C. Failure to disclose a conflict of interest
D. Acting as a dual agent without consent of all parties involved

Answer: A. Misrepresentation
Explanation: Because Anna's analysis left out certain cost factors and made the investment property look more valuable than it actually was, she effectively made a false statement of fact to Jeff. This is a misrepresentation, which is a violation of the license law.