Becoming a Freight Broker

Becoming a Freight Broker

Before you take the plunge and embark on getting the necessary legal requirements you should first decide if becoming a freight broker is right for you. Unless you have experience in the field taking a course on becoming a freight broker may be a good starting point. A search of "freight broker" through any search engine will give you listings for the course.

To become a freight broker first thing is first, you will need to get the proper legal documents.


There are three legal documents needed to operate as a freight broker. They are:


1. A Broker�s Authority � through the FMCSA - $300 fee. You fill out Form OP-1 and file for your authority to operate as a broker. 2. Surety Bond or Trust Fund � obtained from a bank or bonding company. The cost varies depending on your personal credit. You are required to carry a $10,000 bond or trust, but if your credit is good, some companies will put up your bond for you for a fee (normally $500 to $700 per year). The form filed with this is BMC-84 or BMC-85. 3. Processing Agent � This runs approximately $50, with form BOC-3.


Once you have your legal documents in order you will need a computer with high speed internet, a fax machine, a telephone and service with inexpensive unlimited long distance. If you are opening a brokerage, you will also most likely want to purchase a transportation software program. If you are an agent, you will use your broker�s software system.