Real estate is in the midst of a consumer and technology-driven revolution, said three industry leaders gathered at “The Tightrope” event, sponsored by home lender Eave for brokers and agents early this month.

Nick Bailey, CEO of Century 21 Real Estate, offered numbers to illustrate how rapidly the landscape for the profession is changing.

In 2011, there were 5.8 million residential real estate leads nationally, which generated 4.5 million transactions, according to Bailey. Last year, transactions had increased to 5.5 million. However, leads were up exponentially: There were 86 million, generated by technology that makes home shopping a leisure-time activity. Only a quarter are ever contacted by an agent or broker.

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