The New York City Council has passed the Fairness in Apartment Rentals Act (FARE Act) with a supermajority vote, ending the practice of tenants paying broker fees for brokers hired by landlords. The bill, introduced by Councilmember Chi Ossé, mandates that landlords cover these fees, aiming to reduce upfront costs for renters in a city where broker fees can total up to 15% of annual rent. While supporters argue this will alleviate financial burdens on tenants, opposition from brokers and real estate interests suggests that landlords might offset costs by raising rents, potentially negating the intended benefits. Mayor Eric Adams has voiced concerns about possible adverse effects on small property owners and increased rents. The bill, which will become effective 180 days post-enactment, has sparked debate on its long-term economic implications for New York's rental market. Despite opposition, public sentiment largely favors the bill, with 81% of surveyed renters believing landlords should bear the broker fees.