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There are more than 5,000 representatives with only about 2,000 houses on the market each day in Knox County.  The Most Complete Run-Down , Tenn If you're aiming to buy a house right now, there are more than 5,000 real estate agents in the greater Knoxville-area working to help you. However, there are just about 2,000 homes listed daily.

" As you might envision, it's very, very competitive," stated Justin Bailey, the CEO of Real Estate Executive Associates Inc. It does not stop there. In the past 6 years, the quantity of real estate agents has grown. From January to May 2021, more than 270 individuals signed up with the Several Listing Service (MLS), organized by the Knoxville Location Association of Realtors.

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This is much more drastic than 2020 numbers, where 129 individuals joined the MLS from January to May. It's a 109% increase in new real estate agents. "Something that brand brand-new agents battle with is that you've got representatives who've been doing this for 25 or thirty years," Bailey said. He also confessed that new property representatives bring new sets of abilities to the table; such as social media savviness that allows them to market themselves more efficiently.

In 2020, agents who normally make over $125,000 saw a lot more money can be found in; whereas, agents making under $50,000 saw their profits reduce. Bailey said the crucial to making it as a representative long term is patience. "The agents that seem to be truly patient and truly long lasting with their purchasers appear to be the ones that are getting a great deal of referrals right now," Bailey said.

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" I can't say enough advantages about this whole team"