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In this video, the distinction between "cancelled" and "withdrawn" listings is explained. A cancelled listing indicates that the listing agreement between the seller and the broker has been completely terminated, signifying that there are no further actions to sell the property. In contrast, a withdrawn listing suggests that while marketing and showings have paused, there are still unresolved matters between the seller and broker, such as disputes over fees or conditions. Thus, a cancelled listing means the transaction is definitively over, while a withdrawn listing indicates an ongoing issue related to the property.