What is the difference between Hold and Cancelled?

 

Definitions:

Hold

The Seller is still under a Listing Contract with the Brokerage Firm, but the property is off the market temporarily.

Cancelled

Listing Contract is cancelled, and the property is off the market.

How long can a listing remain in the Hold status?

• Assuming the Broker/Agent makes no changes to the listing status -
  • i.e. takes the listing active or cancels the listing, the listing will stay in the Hold status until the expiration date of the listing. 
• Length of time a listing remain in Hold status is based on the agreement b/w the Seller and the Brokerage Firm. 

Notes: 

While the listing is in escrow, you cannot change the status to Hold or Cancelled.

Given that the listing is in escrow, it is not possible that it's off the market.

Ref:  COE Article 12 - A Realtor shall be truthful in their advertising, marketing, and other representations.