Which condition does NOT lead to the termination of an agency relationship?

The condition that does not lead to the termination of an agency relationship is the death of the agent. In real estate and other agency situations, the death of the agent does not necessarily terminate the agency relationship if the business can continue. If the agent passes away while the agency is active, a designated broker or a successor may take over the responsibilities, thereby allowing the agency relationship to persist until it can be formally terminated by other means.

In contrast, a breach by one of the parties definitely leads to termination because a breach undermines the trust and expectations inherent in the agency relationship. Mutual agreement of the parties, as a resolution of their relationship, naturally results in the termination of the agency. Similarly, the completion of the terms of the agency agreement signifies that the objectives have been achieved, thus concluding the relationship. Each of these conditions directly disrupts or concludes the agency arrangement, unlike the death of the agent, which may not immediately affect the agency's ongoing responsibilities.