What are the legal requirements to operate as a Freight Broker?

You must submit your Freight Broker Registration application to the Federal Motor Carrier Safety Administration (FMCSA) through their Unified Registration System. Upon receiving your pending US DOT number you’ll also need to meet the additional requirements of proof of financial responsibility by posting a $75,000 Surety Bond or $75,000 trust fund, filing your BOC-3, and filing a yearly Unified Carrier Registration.

What's the difference in being a Freight Broker and Freight Broker Agent?

The first one works on his own, runs his company. The second one is an employee of a brokerage company and gets a commission percentage of the brokerage fee.

You not just 'can' but you 'must' work at home at the beginning in order to save money, keep your expenses low while you grow and develop your business.

What is a Freight Broker (Property Broker)?

Property Broker is the correct terminology for many names used in the business to identify what we do. Truck Broker, Freight Broker, Load Broker, Freight Agent, Transportation Broker or simply Broker or Agent are all interchangeable terms synonymous with ‘Property Broker’. An active FMCSA registration to operate as a Property Broker allows a third-party to arrange pick-up and delivery of a Shipper's product by a Carrier without ever having physical control of the shipment.

Does a Freight Broker need a broker’s license specific to their state or in each state?

Freight Brokers are regulated by the Federal Motor Carrier Safety Administration (FMCSA). The Freight Broker registration with the FMCSA allows us to make arrangement for the transportation of freight anywhere within the United States. So, no, you will not need a separate freight broker’s license for each state.

How much does it cost to apply for your Freight Broker Registration / US DOT # with the FMCSA?

The FMCSA charges $300.00 to apply for a registration with an operating status of a motor property carrier, motor passenger carrier, freight forwarder or freight broker. The FMCSA does require all new applicants to complete their registration application online through their Unified Registration system. No new applications by mail. If you’d like, a Freight Broker Training filing specialists will file for your Freight Broker Registration on your behalf with the FMCSA for $450.00 (includes the $300.00 fee charged by the FMCSA). Plus, our course graduates are eligible for one Freight Broker Registration filing service included in their course cost ($150 value, filing service does not include the $300.00 fee charged by the FMCSA).

What is a BOC-3 and how much does one cost?

A BOC-3 form is provided by a process agent. It’s a blanket form of coverage that designates a representative in each individual state upon whom court papers may be served in any proceeding brought against a motor carrier, broker or freight forwarder. A BOC-3 form and filing is usually priced between $25 to $150, depending on the process agent providing the form.

What is the difference in being a Freight Broker or a Freight Broker Agent?

A broker is the owner of his or her own company. They are required to meet all legal requirements (FMCSA Registration, Bond/Trust Fund, BOC-3) to operate as a broker. An agent works under the umbrella of the registered broker and typically receives a commission percentage of the brokerage fee.

Is Freight Broker training school required?

Currently the answer is “Not yet”. Soon, the FMCSA will be establishing new rules requiring brokers to show proof of knowledge or have relevant experience. However, whether training is required by law or not, the reality is that the failure rate for those who attempt this business without freight broker training is high. In order for a broker to be successful in any industry (stock broker, real estate broker, etc.), formal training is a must. Freight Mover School will prepare you to perform broker duties in a profitable, ethical manner, giving you the tools needed to be successful in the field.

Should a Freight Broker school be affiliated with a freight brokerage?

Yes! And the instructors should be actively engaged in brokering freight. How can an instructor teach something they don’t do themselves? When a school tells you they are affiliated with a brokerage ask for the brokerage name and US DOT # or MC # so you can check their FMCSA registration or authority and make sure it is current.

Freight Broker Training Online

Join the Freight Broker Training.

There are a few ways You can join a job training, offline or in class studying, and finally online training.

I know that it is very important to pick the most suitable studying method before
You actually start doing it.

Spend some time surfing and learning about advantages and disadvantages, take into account Your priorities and of course your own possibilities, though You might have a little time for attending the training, consider buying an online course.

That will not depend on certain hours.

Freight Broker Training – 3 Winning Strategies For Becoming A Freight Broker or Freight Agent in 2022

Obtain a legacy - get Your Freight Broker authority.

In order to become a legal friend and be able to work as a freight broker You need to get an operating authority.

Don’t be terrified, the whole process doesn’t require any powerful efforts, also You don’t have to provide any testing results, colleague diplomas etc.

The Freight Broker Training course provides You with all the necessary information, gives constant support to our clients, and teaches how to earn money when working safely.

Learn about working nuances with carrier companies.

Please, click here to find out how we
help our clients!

Step 3 –

Pick the best components to Your broker’s niche.

Finding Your Niche might be complicated when You just enter the industry.

There are 4 primary ways to find your niche.

Equipment type

Product type

Based on geography/lane

Hybrid approach

You can read our Tips on how to find a niche right here.

Set up your freight broker home office.

Set up Your working place.

What can be better than building Your business from A to Z?

It’s always up to You where to work. It may be a comfortable office with a nice view but making Your home an incredible place to work - sounds far better! Why?

You spend 0 time driving because You can just go to another room.

So, by saving money on fuel You can invest in Your company's growth.

Working as a Freight Broker or a Freight Agent at home has these pros:

More independence

Less expenses

More work-life balance

More work flexibility

No commute

Less office distractions

Increased job satisfaction

We should not forget about OBVIOUS cons:

Increased isolation

Risk of overworking

Distractions at home

Workplace disconnect

Are You interested in observing this theme in detail?

Click here

Using the right Software for great profits.

Increase your profits including transportation management software (TMS), internet load boards and customer relationship management software (CRM).

You don’t really need much to work as a freight broker or agent, use one or two load boards, and also check a carrier’s rating on a special platform created for Brokers.

Internet Truckstop – on ITS, brokers can know which carriers have good ratings and current inspections by using ITS's Carrier Performance Ratings (CPR)

Top Freight Broker Software For 2022

Top 5 Load Boards For Freight Brokers in 2022

Top 7 Small Business CRM’s in 2022

Top Freight Broker Software For 2022

Top 5 Load Boards For Freight Brokers in 2022

Top 7 Small Business CRM’s in 2022

Let a factoring company work for Your needs.

Let a factoring company
work for Your needs.

Factoring companies help brokers by advancing them money to pay carriers before they get paid by shippers.

Freight broker factoring is a form of financing is the process of selling a shipper invoice to a factoring company, which then advances you up to 95% of the invoice to pay your motor carrier and basic operational cost.

Without factoring most freight brokers would never be able to scale their business to 7 figures because in most cases the motor carriers will require payment from the broker before the shipper actually pays the broker.

You can learn more about the problem by clicking here

Get orders from Shippers and sell them immediately.

Once a person gets interested in the trucking industry, they ask a question about why shippers do not work directly with carriers.

The answer is simple, shippers don’t have enough time to control the processes at each stage of negotiation and of course transportation.

Those who have industry experience and contacts like to get their first shipping clients from referrals.

Regardless of which channel or strategy you choose, learning how to sell is one of the most valuable skills for a freight broker or freight agent.

Fact is there are top sales people and freight agents that make more than Owner/CEO’s in the freight industry.

Why is that happening? Let us explain.

8 Killer Sales Questions that Every Freight Broker Needs to Know

7 Freight Brokers Sales Tips on How to Get Past the Gatekeeper

Freight Broker Sales vs Freight Broker Marketing

As usual, I just want to remind You that learning to sell is the most valuable skill in the world for the average person to earn a 6 figure income.

There are many instruments and approaches of great importance to become a successful freight broker but sales is definitely high on the list

Learn How to Become a Freight
Broker or Freight Agent in 30 days or less!

Click here

How to Become A Freight Broker in

Join the Freight Broker Training.

Obtain a legacy - get Your Freight Broker authority.

Pick the best components to Your broker’s niche.

Set up Your working place.

Using the right Software for great profits.

Let a factoring company work for Your needs.

Get orders from Shippers and sell them immediately.

Let a factoring company
work for Your needs.