Which of the following is a violation that would risk your real estate license?

Negotiating a transaction directly with someone represented by another broker is indeed a violation that can jeopardize your real estate license. This situation violates the principle of agency in real estate, which pertains to the rights and responsibilities between brokers and their respective clients. When a buyer is represented by another broker, approaching that buyer directly undermines the existing brokerage agreement and could be seen as an attempt to interfere with the established client-broker relationship.

In most cases, this action is considered unethical and unprofessional among real estate practitioners. It not only breaches the code of conduct stipulated by real estate licensing authorities but can also lead to legal repercussions and disciplinary actions against the offending agent. Upholding the integrity of the broker-client relationship is crucial in maintaining professionalism in the industry.

Other scenarios, such as negotiating directly with a seller or holding open houses without permission, could present ethical concerns or potential disputes regarding conduct but do not carry the same level of risk to the license as direct negotiation with a party already represented by another broker. Providing market analyses for free is a common practice among agents and does not typically present a violation of license regulations.