CFB Credential and Training Requirements 2

Question 1

Which federal agency is primarily responsible for licensing freight brokers operating in interstate commerce?

Accepted Answer

Federal Motor Carrier Safety Administration (FMCSA)

Answer

Department of Transportation Office of Inspector General

Answer

Surface Transportation Board

Answer

Federal Highway Administration

Question 2

What is the minimum surety bond amount a freight broker must maintain under current FMCSA regulations?

Accepted Answer

$75,000

Answer

$10,000

Answer

$25,000

Answer

$100,000

Question 3

A freight broker applicant must file which form with the FMCSA to obtain operating authority?

Accepted Answer

Form OP-1

Answer

Form BOC-3

Answer

Form MCS-150

Answer

Form OP-2

Question 4

How long does a freight broker typically have to respond to an FMCSA complaint before their authority may be subject to revocation proceedings?

Accepted Answer

30 days

Answer

10 days

Answer

60 days

Answer

90 days

Question 5

Which of the following professionals must a freight broker designate to satisfy the BOC-3 process agent requirement?

Accepted Answer

A process agent in each state where they conduct business

Answer

A licensed attorney in each state

Answer

A FMCSA-approved compliance officer

Answer

A bonded transportation intermediary

Question 6

The Transportation Intermediaries Association (TIA) Certified Transportation Broker (CTB) designation requires candidates to have how many years of industry experience before sitting for the exam?

Accepted Answer

2 years

Answer

1 year

Answer

3 years

Answer

5 years

Question 7

Which document serves as the primary proof that a freight broker holds valid operating authority granted by FMCSA?

Accepted Answer

Certificate of operating authority

Answer

Surety bond certificate

Answer

MC number registration confirmation

Answer

DOT safety rating letter