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In 2020, representatives who typically make over $125,000 saw much more cash can be found in; whereas, representatives making under $50,000 saw their profits reduce. Bailey said the crucial to making it as an agent long term is persistence. "The representatives that appear to be truly patient and truly long lasting with their purchasers appear to be the ones that are getting a lot of referrals right now," Bailey stated.

Knoxville's realty market is hot. And not simply residential sales. Knox News asked women in business realty to share their observations on the state of the industry and what's ahead for their businesses. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and primary broker of NAI Koella RM Moore, a nationally certified woman-owned, minority-owned (and very first generation Mexican-American) service.

She has recommended and served on the boards of lots of nonprofit companies throughout the years. Solange G. Velas is an industrial real estate agent focusing on multifamily residential or commercial property sales in East Tennessee. She is a certified broker, present president of her CCIM chapter, past president of the Apartment or condo Association of Knoxville and has 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 Realty Inc., a regional industrial property company concentrating on leasing, sales and management of workplace and retail properties. Frazier holds the expert designations of Licensed Residential or commercial property Manager (CPM), Licensed Commercial Investment Member (CCIM), and Society of Industrial and Workplace Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Business at the University of Tennessee.

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HOT HOT HOT.  Find More Details On This Page  have truly recovered well from the COVID pandemic. For business property, 2020 was one of our best years ever as financiers heavy in cash purchased into our market. Healthy. Throughout the shutdown, we started to get calls out of California, Chicago, New York City and other city areas from businesses that wished to transfer to the Knoxville area, particularly in the industrial and financial investment sectors.

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Also, these are investors who, formerly, would have been wanting to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville because places like Nashville and Atlanta that would previously have actually been targeted are ending up being saturated and more expensive. While 2020 was extremely hectic, 2021 has seen market price increase considerably.