If you’re looking for a business opportunity that allows you to work with people and help them relocate, becoming a moving broker may be the perfect choice for you. This article will outline the process and requirements for becoming a moving broker, as well as the differences between moving brokers and other types of professionals within moving companies. So, if you’re interested in learning more about how to become a moving broker, read on!
What’s The Difference Between A Moving Broker And A Moving Company?
A moving broker sells every aspect of the move to the person whose goods need moving. The broker then sells the actual moving component to a long-haul carrier, while remaining as the main point of contact and overseer of the entire process. A moving company represents itself and is responsible for performing the move.
Many times a broker represents a moving broker company that performs all the services for the person moving, while selling the actual haul to a carrier. A broker does not assume responsibility for a move or any damage that may be done in the process.
What Are The Requirements For Becoming A Moving Broker?
There are a few requirements that you’ll need to meet in order to become a moving broker. The first requirement is registering with the Federal Motor Carrier Safety Administration (FMCSA). The FMCSA is responsible for regulating the moving industry, and all brokers must register with this government entity. The next requirement is to obtain the proper insurance coverage. Moving brokers must have liability insurance in order to protect themselves. Finally, you’ll need to gain some experience in the moving industry. This can be done by working for a moving company or broker, or by completing a training program.
There are no education requirements to become a moving broker, although some knowledge of the moving industry and business will be helpful. Furthermore, most moving brokers have at least a high school diploma before entering the business.
How To Become A Moving Broker
Once you have made the decision to become a moving broker, you can start your own business by following these steps:
Register With The Federal Motor Carrier Safety Administration
The first step to becoming a moving broker is to register with the Federal Motor Carrier Safety Administration. You can do this by filling out an application and paying the registration fee. This can be done online or by mail.
Acquire The Proper Insurance Coverage
The next step is to acquire the proper insurance coverage. As mentioned before, you’ll need liability insurance to protect yourself. You can get this type of insurance through a commercial insurer or through the FMCSA’s Broker Liability Protection Program.
Gain The Required Experience
The next step is to gain some experience in the moving industry. This can be done by working for a moving company or broker, or by completing a training program.
Network With Moving Companies
The final step is to network with moving companies. You can’t help your customers move without the help of a moving company, so it’s important to have good relationships with the carriers. You can find moving companies by searching online directories or by attending industry events.
Conclusion
Becoming a moving broker is a great way to start your own business in the moving industry. By following the steps outlined in this article, you can be on your way to becoming a successful moving broker.