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

Knoxville's property market is hot. And not just property sales. Knox News asked females in commercial 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 principal broker of NAI Koella RM Moore, a nationally accredited woman-owned, minority-owned (and very first generation Mexican-American) service.

She has advised and served on the boards of many not-for-profit companies throughout the years. Solange G. Velas is a commercial realtor focusing on multifamily home sales in East Tennessee.  Kristin George Realtor  is a certified broker, current president of her CCIM chapter, previous president of the House 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 principal broker for Blue Ridge Realty Inc., a regional commercial real estate company focusing on leasing, sales and management of workplace and retail homes. Frazier holds the professional designations of Certified Residential or commercial property Supervisor (CPM), Qualified Commercial Investment Member (CCIM), and Society of Industrial and Workplace Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Service at the University of Tennessee.

An Unbiased View of Best 30 Real Estate Agents in Knoxville, TN with Reviews

HOT HOT HOT. We have truly recuperated well from the COVID pandemic. For commercial genuine estate, 2020 was one of our finest years ever as financiers heavy in money purchased into our market. Healthy. During the shutdown, we started to get calls out of California, Chicago, New York City and other urban locations from organizations that wanted to move to the Knoxville area, particularly in the commercial and financial investment sectors.

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Likewise, these are investors who, previously, would have been seeking to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville due to the fact that areas like Nashville and Atlanta that would formerly have actually been targeted are becoming saturated and more expensive. While 2020 was extremely hectic, 2021 has actually seen market worths increase significantly.