{"id":4668,"date":"2023-08-31T19:05:40","date_gmt":"2023-08-31T19:05:40","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/"},"modified":"2025-03-13T02:52:49","modified_gmt":"2025-03-13T02:52:49","slug":"adam-wiener-steps-down-as-redfins-president-of-real-estate-services","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/","title":{"rendered":"Adam Wiener steps down as Redfin\u2019s president of real estate services"},"content":{"rendered":"\n<p>Adam Wiener, <a href=\"https:\/\/preprod.housingwire.com\/tag\/redfin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Redfin<\/a>\u2019s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in <a href=\"https:\/\/www.redfin.com\/news\/adam-wiener-is-leaving-redfin\/\" target=\"_blank\" rel=\"noreferrer noopener\">an email<\/a> sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8.<\/p>\n\n\n\n<p>During his tenure, Wiener first served as a product manager for agent tools. He then went on to run the partner program, analytics, marketing and a variety of new businesses. Finally, he was in charge of <a href=\"https:\/\/preprod.housingwire.com\/articles\/compass-and-redfin-make-cuts-amid-volatile-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">Redfin<\/a> real estate services revenue.<\/p>\n\n\n\n<p>The next step for&nbsp;Wiener remains unknown; however, Kelman says that he is confident that he will continue to be successful.<\/p>\n\n\n\n<p>\u201cWithin a year, Adam will probably be running his own show at another company also poised to conquer the world. He has long been ready to do that,\u201d wrote Kelman in an email.&nbsp;<\/p>\n\n\n\n<p>Kelman acknowledged that Wiener\u2019s departure would be a loss for Redfin, calling him one of the \u201cmost hard-working and creative folks you\u2019ll ever meet.\u201d&nbsp;<\/p>\n\n\n\n<p>While no other executive announcements were made, Kelman said that Wiener&#8217;s departure would yield new opportunities for current Redfin leaders. The company will not be hiring an executive to replace Wiener.<\/p>\n\n\n\n<p>\u201cRedfin will keep changing. We couldn\u2019t keep doing things the way we\u2019ve done with Adam, and we shouldn\u2019t try. Change is necessary and good,\u201d said Kelman.&nbsp;<\/p>\n\n\n\n<p>Furthermore, Wiener will continue to serve as an advisor to Redfin until June 1, 2024, <a href=\"https:\/\/www.geekwire.com\/2023\/adam-wiener-redfin-president-of-real-estate-services-is-departing\/\" target=\"_blank\" rel=\"noreferrer noopener\">GeekWire<\/a> reported. His severance package will include $450,000, or 12 months of his base salary; $84,375, which is 25% of his target annual bonus; and $18,910 for one year of health insurance premiums.<\/p>\n\n\n\n<p>Kelman closed his memo by expressing his optimism for the year to come while acknowledging Redfin&#8217;s steady recovery from the housing downturn.&nbsp;<\/p>\n\n\n\n<p>In a <a href=\"https:\/\/preprod.housingwire.com\/housing-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">housing market<\/a> with elevated <a href=\"https:\/\/preprod.housingwire.com\/mortgage-rates\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage rates<\/a> and <a href=\"https:\/\/preprod.housingwire.com\/housing-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">low inventory<\/a>, Redfin\u2019s second quarter <a href=\"https:\/\/preprod.housingwire.com\/tag\/earnings\/\" target=\"_blank\" rel=\"noreferrer noopener\">revenue<\/a> was $275.6 million, a decrease of 21% compared to the second quarter of 2022. It also went through a number of <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/redfin-conducts-a-third-round-of-layoffs\/\" target=\"_blank\" rel=\"noreferrer noopener\">layoffs<\/a> in the last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adam Wiener, Redfin\u2019s president of real estate services, is leaving the brokerage after nearly 16 years of service.<\/p>\n","protected":false},"author":39572,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[3189],"class_list":["post-4668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adam Wiener steps down as Redfin\u2019s president of real estate services - RealTrends - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adam Wiener steps down as Redfin\u2019s president of real estate services\" \/>\n<meta property=\"og:description\" content=\"Adam Wiener, Redfin\u2019s president of real estate services, is leaving the brokerage after nearly 16 years of service.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sarah Marx\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sarah Marx\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\"},\"author\":{\"name\":\"Sarah Marx\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/fc2b86df8cba767174caaf7e50838721\"},\"headline\":\"Adam Wiener steps down as Redfin\u2019s president of real estate services\",\"datePublished\":\"2023-08-31T19:05:40+00:00\",\"dateModified\":\"2025-03-13T02:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\"},\"wordCount\":342,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/31\/adam-wiener-steps-down-as-redfins-president-of-real-estate-services\/\",\"name\":\"Adam Wiener steps down as Redfin\u2019s president of real estate services - 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