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

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?

Accepted Answer

$75,000

Answer

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?

Accepted Answer

Form OP-1

Answer

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?

Accepted Answer

30 days

Answer

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?

Accepted Answer

A process agent in each state where they conduct business

Answer

BOC-3 requires designation of process agents in every state where the broker operates to accept legal service.

(CFB) Certified Freight Broker Practice Test