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In this video, the speaker explains the distinction between "canceled" and "withdrawn" listings. A canceled listing occurs when the listing agreement between the seller and the broker is fully terminated, indicating that the selling process for that property has completely stopped. In contrast, a withdrawn listing signifies that while marketing and showing the property have halted, there is still unresolved business related to the listing. This could involve disputes regarding payments or other issues that need to be addressed. Understanding this difference is crucial, as the terms are often misused.
