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In 2020, agents who generally make over $125,000 saw even more cash coming in; whereas, representatives making under $50,000 saw their earnings decrease. Bailey said the crucial to making it as an agent long term is perseverance. "The representatives that seem to be really patient and actually long lasting with their buyers seem to be the ones that are getting a lot of referrals today," Bailey stated.

Knoxville's realty market is hot. And not simply property sales.  You Can Try This Source  asked women in business realty to share their observations on the state of the market and what's ahead for their organizations. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and principal broker of NAI Koella RM Moore, a nationally licensed woman-owned, minority-owned (and first generation Mexican-American) company.

She has encouraged and served on the boards of numerous nonprofit organizations for many years. Solange G. Velas is an industrial realtor specializing in multifamily property sales in East Tennessee. She is a certified broker, existing president of her CCIM chapter, previous president of the Apartment Association of Knoxville and has actually been offering multifamily for over 25 years in the East Tennessee market.

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Frazier is president and primary broker for Blue Ridge Real Estate Inc., a regional commercial realty firm specializing in leasing, sales and management of workplace and retail residential or commercial properties. Frazier holds the professional classifications of Qualified Residential or commercial property Supervisor (CPM), Certified Commercial Investment Member (CCIM), and Society of Industrial and Office Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Organization at the University of Tennessee.

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HOT HOT HOT. We have truly recuperated well from the COVID pandemic. For industrial genuine estate, 2020 was among our finest years ever as financiers heavy in cash bought into our market. Healthy. During the shutdown, we began to get calls out of California, Chicago, New York and other urban areas from companies that wished to move to the Knoxville area, particularly in the commercial and investment sectors.

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Likewise, these are investors who, formerly, would have been looking to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville since areas like Nashville and Atlanta that would previously have been targeted are ending up being saturated and more costly. While 2020 was extremely hectic, 2021 has seen market price increase substantially.