What is an example of listing agreement termination by completion/performance?

When a property is sold, and the closing takes place, it signifies that the terms of the listing agreement have been fully satisfied. The primary purpose of a listing agreement is to facilitate the sale of a property; therefore, when a sale occurs, the agreement is considered complete. This completion or performance of the agreement signifies that the real estate agent has fulfilled their contractual obligations, consequently terminating the listing agreement.

In contrast, other options illustrate scenarios that do not constitute the fulfillment of the listing agreement. For instance, if the client changes their mind about selling, this action does not conclude the agreement through performance; rather, it interrupts the process. Similarly, selling the property at a lower price may not be a concern of performance completion, as the completion is determined by the successful closing rather than the sale price. Lastly, when a listing agreement expires, it simply means the contract duration has ended without a sale occurring, which also does not represent a completion of the listing agreement's terms.