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In 2020, agents who generally make over $125,000 saw much more cash coming in; whereas, representatives making under $50,000 saw their profits reduce. Bailey said the key to making it as a representative long term is persistence. "The agents that seem to be actually patient and really long lasting with their purchasers seem to be the ones that are getting a lot of referrals right now," Bailey stated.

Knoxville's realty market is hot. And not just property sales. Knox News asked women in industrial genuine estate 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 very first generation Mexican-American) business.

She has actually advised and served on the boards of numerous nonprofit companies over the years. Solange G. Velas is a business realtor focusing on multifamily property sales in East Tennessee. She is a licensed broker, existing president of her CCIM chapter, previous president of the House Association of Knoxville and has been selling 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 local industrial property firm specializing in leasing, sales and management of office and retail residential or commercial properties. Frazier holds the professional designations of Certified Residential or commercial property Supervisor (CPM), Qualified Commercial Financial 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. Kristin George Realtor have really recuperated well from the COVID pandemic. For industrial genuine estate, 2020 was among our best years ever as investors heavy in money bought into our market. Healthy. Throughout the shutdown, we started to get calls out of California, Chicago, New York City and other metropolitan areas from organizations that desired to relocate to the Knoxville region, particularly in the industrial and investment sectors.

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Likewise, these are financiers who, previously, would have been looking to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville due to the fact that locations like Nashville and Atlanta that would previously have been targeted are becoming saturated and more expensive. While 2020 was incredibly busy, 2021 has actually seen market values increase considerably.