Legislation reforming broker fees in New York City became law Saturday after Mayor Eric Adams declined to sign the bill.The New York City Council passed the Fairness in Apartment Rental Expenses, or FARE,

Tenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers. That was true even if that person was hired by the landlord. But a new bill passed Wednesday would shift those costs to landlords,

The FARE Act, which frees New York City tenants of paying real estate broker fees and shifts those costs to landlords, became law on Saturday, 30 days after its passage, despite Mayor Eric Adams refusing to sign it.