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In this video, the instructor explains the difference between cancelled and withdrawn listings, highlighting common misconceptions. A cancelled listing signifies that a listing agreement has been fully terminated by mutual agreement between the seller and the listing broker, indicating that all selling activities have ceased. In contrast, a withdrawn listing suggests that the seller and broker have decided to halt marketing and showing the property, but there are still unresolved issues, such as financial disputes or other terms that need to be agreed upon. This distinction is important for understanding the status of real estate listings.
