DB Schenker Trade Solutions

BMC-84 FAQs

What is a BMC-84?

A BMC-84 is required by the FMCSA in order to obtain your brokerage authority and is issued in the form of a $75,000 bond. The bond is a guarantee of payment between the broker, Surety and motor carriers & shippers, if the broker fails to comply or remit payment for services rendered, per contractual agreements.

 

A BMC-84 is also known as a Freight Broker bond, a Property Broker bond, an ICC Bond (Interstate Commerce Commission), a Transportation Broker Bond, or a Surety Bond.

What is a Freight Broker Bond?

In the US, a freight broker bond is required by the FMCSA in order to obtain your brokerage authority and is issued in the form of a $75,000 bond. The bond is a guarantee of payment between the broker, Surety and motor carriers & shippers, if the broker fails to comply or remit payment for services rendered, per contractual agreements.

 

A Freight Broker bond is also known as a BMC-84 bond, a Property Broker bond, an ICC Bond (Interstate Commerce Commission), a Transportation Broker Bond, or a Surety Bond.

What is a Property Broker Bond?

In the US, a property broker bond is required by the FMCSA in order to obtain your brokerage authority and is issued in the form of a $75,000 bond. The bond is a guarantee of payment between the broker, Surety and motor carriers & shippers, if the broker fails to comply or remit payment for services rendered, per contractual agreements.

 

A Property Broker bond is also known as a BMC-84 bond, a Freight Broker bond, an ICC Bond (Interstate Commerce Commission), a Transportation Broker Bond, or a Surety Bond.

How Do I Become a Freight Broker?

Apply for a US DOT number with the Federal Motor Carrier Safety Association (FMCSA). Before you obtain your Broker Authority, you must obtain a $75,000 BMC-84 Bond (property broker bond/freight broker bond) through a Surety bond broker.

Want More Info? Contact Us Today!

Contact us

How Do I Obtain Freight Broker Authority?

Apply for a US DOT number with the Federal Motor Carrier Safety Association (FMCSA). Before you get your Broker Authority, you must obtain a $75,000 BMC-84 Bond (property broker bond/freight broker bond) through a Surety bond broker.

What’s the Minimum Broker Financial Security Required by the FMCSA?

A bond or trust in the form of a $75,000 BMC-84 or $75,000 BMC-85 trust fund.

Get the best rates on a BMC-84 bond!

  • Fast Processing
  • Expert Customer Support
  • No Hidden Fees
Learn More

Custom Bonds FAQs:

Contact

Have questions? Click below to contact us anytime. Click here to send us an email. Or call us and speak directly with one of our experts (Monday through Friday, 8 a.m. to 5 p.m. ET). 
Contact us

Schenker, Inc.
Trade Advisory & Risk Solutions
41 Pinelawn Road, Suite 110
Melville, NY 11747
Phone +1 (844) 724-8723 (in USA)
Phone +1 (516) 690-2171 (outside USA)
TradeSolutionsUS@dbschenker.com