The broker fee, long a bane of New York City renters, just got voted out. The New York City Council passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments.

The City Council overwhelmingly passed a measure to shift the burden of broker fees to landlords. Here’s what that means for renters.

Under the bill, whoever hires the broker would have to pay them. In most cases, that would be the landlord. The broker fee, as we know it, would end. There is a 30-day window for the mayor to sign the F.A.R.E. Act into law. If he doesn't, it still becomes ...