CFB Credential and Training Requirements 2 — Questions and Answers
Question 1: Which federal agency is primarily responsible for licensing freight brokers operating in interstate commerce?
- Federal Motor Carrier Safety Administration (FMCSA) (Correct answer)
- Department of Transportation Office of Inspector General
- Surface Transportation Board
- Federal Highway Administration
Correct answer: Federal Motor Carrier Safety Administration (FMCSA)
The FMCSA issues and oversees freight broker operating authority under its regulatory jurisdiction.
Question 2: What is the minimum surety bond amount a freight broker must maintain under current FMCSA regulations?
- $10,000
- $25,000
- $75,000 (Correct answer)
- $100,000
Correct answer: $75,000
The MAP-21 Act raised the freight broker surety bond requirement to $75,000.
Question 3: A freight broker applicant must file which form with the FMCSA to obtain operating authority?
- Form OP-1 (Correct answer)
- Form BOC-3
- Form MCS-150
- Form OP-2
Correct answer: Form OP-1
Form OP-1 is the application for motor property carrier and broker authority.
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?
- 10 days
- 30 days (Correct answer)
- 60 days
- 90 days
Correct answer: 30 days
FMCSA generally provides a 30-day period to respond to complaints or show cause before initiating revocation.
Question 5: Which of the following professionals must a freight broker designate to satisfy the BOC-3 process agent requirement?
- A licensed attorney in each state
- A process agent in each state where they conduct business (Correct answer)
- A FMCSA-approved compliance officer
- A bonded transportation intermediary
Correct answer: A process agent in each state where they conduct business
BOC-3 requires designation of process agents in every state where the broker operates to accept legal service.
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?
- 1 year
- 2 years (Correct answer)
- 3 years
- 5 years
Correct answer: 2 years
TIA requires a minimum of 2 years of experience in the transportation industry to qualify for the CTB exam.
Question 7: Which document serves as the primary proof that a freight broker holds valid operating authority granted by FMCSA?
- Surety bond certificate
- MC number registration confirmation
- Certificate of operating authority (Correct answer)
- DOT safety rating letter
Correct answer: Certificate of operating authority
The Certificate of Operating Authority (MC Number) is the official document confirming a broker's legal right to operate.
CFB Credential and Training Requirements 2
Which federal agency is primarily responsible for licensing freight brokers operating in interstate commerce?