A Broker Authority is a license that allows a company to arrange the transportation of cargo belonging to others by using for-hire carriers to provide the actual transportation of the cargo. Once your Authority is applied for, you will be issued an MC Number. DOT Operating Authority will save you time and do all the paperwork concerning your MC Number. Our team is always happy to assist you with the best filing services.
A freight broker is the intermediary between a shipper who has goods that have to be shipped and a carrier who has the capacity to move that freight. Freight brokers can run their own business or work for a freight broker company. They are responsible for arranging the transportation and tracking of a load hauled by a freight carrier.
Freight Brokers make it easier for shippers to find quality carriers that are proven to be reliable in hauling a load. Most shippers don’t have the experience or time to determine if a carrier can perform the task. Sure, most trucking companies are consistent and deliver a load in a timely matter with nothing to dispute.
Broker of Property (except Household Goods): An individual or corporation that arranges property transportation (excluding household goods) belonging to others by using an authorized MC (Motor Carrier) and receives payment for it. A broker does not assume responsibility for the property and never takes possession of it.
Broker of Household Goods: An individual or corporation that arranges property transportation (excluding household goods) belonging to others by using an authorized MC (Motor Carrier) and receives payment for it. A Broker does not assume responsibility for the household goods and never possesses those goods. Household goods are personal items and property that will be used in a home. Registration as a household goods broker is required if the motor carrier providing transportation will also provide some of the following: binding and non-binding estimates, inventorying, safe packing and unpacking of individual items, and loading and unloading at personal residences.
Freight brokers who are registering for the first time can apply for broker authority with DOT Operating Authority via the Unified Registration System (URS). A valid MC Number is needed in this case and after the MC Number has been assigned, to complete the application process, brokers must also take the following steps:
|Brokers of property (new applicants):||Demonstrate Proof of Insurance Coverage (A Surety Bond, Form BMC-84) or Trust Fund Agreement (Form BMC-85) in the amount of $75,000.|
|Brokers of household goods (new applicants):|
|Existing Brokers or Carriers:||Entities with existing authorities or USDOT Number registrations will be using existing forms to update their authority or to apply for an additional authority.|
|Form BOC-3: Designation of Process Agent Form|
Wondering how to do your Freight Broker Authority paperwork? DOT Operating Authority is always ready to help you file your documents for you. We are a team of experts who have years of experience in filing any kind of forms and applications. Your Broker Authority registration is not a hassle for us.
To learn more about the various types of Interstate Authority, watch the video below.