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In this video, the speaker explains the distinction between "cancelled" and "withdrawn" listings in real estate. A cancelled listing indicates that all terms of the listing agreement have been fully satisfied, marking the complete end of the agreement between the seller and the listing broker. In contrast, a withdrawn listing suggests ongoing business between the seller and broker; although marketing and showings have ceased, unresolved issues may still exist, such as disputes regarding payments or other terms. The speaker emphasizes that these terms are often misused, highlighting the importance of understanding their specific meanings.
