You will find some training programs offering the freight broker athority for $450. This is misleading. It may not include the UCR permit that is required. And, for sure, it does not include the cost of the trust fund.
Through my training, a freight broker will get their MC#, the BOC-3 and the UCR for about $400.
The trust fund depends upon which program a freight broker qualifies for. If the broker puts up their own $10K, the cost will run $550 per year. If the broker has good credit, the cost would run $950 per year.
What if you don't have $10K laying around and what if you don't have good credit?
There are other programs available that will require a deposit, perhaps, plus monthly installments where you can build your own trust fund over time.
So, do not overlook the installment method if this is your only option.
Through me, your total cost for your broker authority including the trust fund would run about $1,350 if you have good credit.
Be careful here! Some vendors are charging well over $100 for the BOC-3 and you get it through me for $24.50.
Questions? Call me at 1-888-526-ATEX (2839).
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