CFB Roles and Responsibilities 2

Question 1

A freight broker arranges transportation for a shipper but never takes possession of the freight. This distinguishes the broker from which party?

Accepted Answer

Freight forwarder

Answer

Unlike a freight forwarder, a broker never takes custody or legal possession of the cargo; the forwarder consolidates and assumes liability for shipments.

Question 2

Under 49 U.S.C. § 13102, a freight broker is defined as a person who, for compensation, arranges or offers to arrange transportation by:

Accepted Answer

An authorized motor carrier

Answer

The federal statutory definition specifically limits broker activity to arranging transportation by authorized motor carriers.

Question 3

When a freight broker acts as a co-broker, what is the primary obligation to the originating broker?

Accepted Answer

Honor the load terms and pay agreed-upon fees

Answer

A co-broker must honor the terms of the load tender and ensure agreed fees are paid, maintaining trust in the brokerage relationship.

Question 4

A shipper claims freight damage and sues both the broker and the carrier. Generally, a broker's liability exposure depends on whether the broker:

Accepted Answer

Selected an unfit carrier or assumed carrier liability contractually

Answer

Brokers can be held liable if they negligently selected an unfit carrier or if their contract explicitly assumed carrier-like liability.

Question 5

Which role is the freight broker primarily serving when negotiating rates between a shipper and a carrier?

Accepted Answer

Independent intermediary

Answer

A freight broker acts as an independent intermediary, representing neither party exclusively but facilitating the transaction.

(CFB) Certified Freight Broker Practice Test

(CFB) Certified Freight Broker Practice Test

CFB Roles and Responsibilities 2