Which of the following events does NOT terminate a listing agreement?

The correct answer is that the death of the listing salesperson does not terminate a listing agreement. This is because a listing agreement is a contract between the property owner and the brokerage firm, not solely between the owner and an individual salesperson. If the salesperson dies, the listing agreement continues in effect since the brokerage company will likely assign another salesperson to handle the property without needing to create a new agreement with the owner.

On the other hand, the death of the owner, the death of the broker, and the bankruptcy of the broker can all lead to the termination of a listing agreement. The death of the owner directly affects the agreement because the property rights transfer upon their passing. Similarly, if the broker dies or becomes bankrupt, it impacts the agency relationship and the ability of the brokerage to represent the property owner, resulting in the termination of the listing.

Thus, the nature of the relationship established in a listing agreement is significant in understanding why the death of the listing salesperson does not bring about termination, while the other scenarios do.