Freight Broker REQUIREMENTS: - Freight Broker Authority (License) - file an OP-1 form with the FMCSA - Surety Bond or Trust Fund - BMC-84 or BMC-85 - Designation of Process Server - BOC-3 form filed with the FMCSA - Unified Carrier Registration - UCR, for Brokers you would list 0 to 2 trucks - W9 - Insurance - This is optional on top of the bond. Examples are Contingent Cargo or Errors & Omissions

The difference is that the Freight Broker AGENT works under the LICENSE or AUTHORITY of the Freight Broker. AGENTS are not required to have an authority as a Freight Broker does. They are simply contracted to work under the Freight Broker's authority and get customers/shippers to move freight.

The FMCSA is the Federal Motor Carrier Safety Administration, the governing body, along with DOT (Department of Transportation), of the transportation industry.

YES. Customers/Shippers REQUIRE Freight Brokers to have met all the FMCSA requirements to be a Freight Broker PRIOR to contracting with them and potentially giving them their freight.

Freight Brokers contract with the 2 parties by: 1. Customers/Shippers - Broker/Shipper Packet AND 2. Carriers/Truck Drivers/Owner Operators - Broker/Carrier Packet

Broker/Shipper Packet: - Broker/Shipper Agreement - copy of Broker's W9 - copy of Broker License (Authority) - copy of Broker Bond - copy of Broker's Certificate of Insurance - Credit Application (if Freight Broker is Factoring) Broker/Carrier Packet: - Broker/Carrier Agreement - Broker Company Profile - copy of Carrier Operating Authority - copy of Carrier's Profile - copy of Carrier's W9 - copy of Carrier's Certificate of Insurance - Carrier's credit application (if Carrier has Factoring)

Yes. Outside of the LIVE trainings, the platform is self-paced, learn as you go.