Which of the following is NOT a reason for the termination of listing agreements?

In the context of real estate practices, listing agreements can be terminated for various legitimate reasons. The correct choice reflects a misunderstanding of the termination process.

Mutual agreement to end a listing agreement is a standard and accepted reason for termination, as both parties may find that they no longer wish to pursue the arrangement for various reasons. Similarly, the bankruptcy of the broker is a significant event that typically leads to the termination of the listing agreement because the broker is unable to fulfill their obligations. Additionally, if the property is destroyed, it makes the agreement impossible to execute, thus also leading to termination.

On the other hand, when one party expresses a desire to change the price, it does not automatically lead to the termination of the listing agreement. Instead, price changes are common and can often be negotiated without the need to end the agreement entirely. Such negotiations allow the parties to adjust the terms of the agreement rather than cancel it outright. Therefore, the intention of one party to change the price alone does not serve as a valid reason for termination.