Which situation best illustrates misrepresentation in a real estate context?

Misrepresentation in real estate occurs when a party provides false or misleading information that can affect the decisions of others in a transaction. In this context, the situation where a tenant is claimed to have leased a building illustrates misrepresentation because it creates a false impression about the tenant's actual status. This could mislead potential buyers or other interested parties into believing that a lease has been granted when, in fact, it has not. Such a claim can significantly impact negotiations and the perceived value of the property.

In the other situations, while there may be issues of ethics or legality, they do not represent clear instances of misrepresentation. A property owner listing without necessary documentation involves a lack of proper procedures rather than providing false information about the status of a lease. The brokerage advertising an incomplete unit may point to issues of misleading advertising but doesn't necessarily imply that they are misrepresenting an existing status of a transaction. Finally, a seller not disclosing their motivation to sell may raise concerns about transparency, but it does not amount to providing false information regarding the property's characteristics or status.