I found some lines in eqemu_config.xml that needed to be uncommented.
I believe this is correct now:
<address>127.0.0.1</address>
<localaddress>127.0.0.1</localaddress>
And here's my example of "Go home and do it again"...
<!-- Only specify these two if you really think you need to. (read: You don't) -->
<!-- <address>127.0.0.1</address> -->
<!-- <localaddress>127.0.0.1</localaddress> -->
I have now moved on to another error:
Mysql query returned no results:
Server Dragon's Rest(Dragon) attempted to login but database couldn't find an entry and only registered servers are allowed.
World server disconnected from the server, removing server and freeing connection.