Getting Broker license, To avoid friend from selling his Tractors.

Discussion in 'Freight Broker Forum' started by Carlosfreightbroker, Jul 21, 2022.

  1. Carlosfreightbroker

    Carlosfreightbroker Light Load Member

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    I have a disability at the moment and can’t work. My friend has a business going and going great. But soon his trucks won’t work in California, so I want to buy his trucks and move them to Nevada.
    I can’t pay to buy the trucks yet so I’m working on getting my broker license first I’m planning on being an agent.
    What do I need to begin?
     
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  3. Carlosfreightbroker

    Carlosfreightbroker Light Load Member

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    I have no experience as a broker but I have people giving me advice on being a dispatcher and broker agent.
     
  4. Judge

    Judge Road Train Member

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    Broker Registration | FMCSA

    file for broker authority, then after it’s issued 3/4 weeks, get surety bond of 75k,
    good credit be around.. 400-500$ month.
    read the fine print.

    BMC-84 refers to a surety bond with a $75,000 coverage amount (or “penal sum”). BMC-85 refers to a $75,000 trust fund that can be established with cash, an irrevocable line of credit or letter of credit, or a combination of these methods.

    FREE freight broker training kit & books
     
  5. wichris

    wichris Road Train Member

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    Not too sure what a brokers license has to do with purchasing trucks.
     
  6. Wasted Thyme

    Wasted Thyme Road Train Member

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    All your friend has to do is move his business on paper out of CA. Then he can keep operating as usual.

    But as has already been said. Being a broker has nothing to do with running the trucks.
     
  7. 86scotty

    86scotty Road Train Member

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    Just go to work for TQL and get some experience. Oh, unless you're over 21.
     
    Last edited: Jul 21, 2022
  8. Carlosfreightbroker

    Carlosfreightbroker Light Load Member

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    He already has the trucks get the brokers authority and now he takes out the middle man and we both make more money
     
  9. Carlosfreightbroker

    Carlosfreightbroker Light Load Member

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    Would you know if an actual freight broker needs to go to school before starting?
     
  10. wichris

    wichris Road Train Member

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    LOL. So you take the place of the previous brokers? And that increases the money how?
     
  11. Carlosfreightbroker

    Carlosfreightbroker Light Load Member

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    I end up becoming the broker? I mean it’s pretty simple I don’t know how you don’t understand that. I invest in the trucks keep them going help him pay for it. Grow a company with dispatchers and agents with trucks.
     
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