Transportation of Property Broker

Type of Operation:

Transportation of Property Broker

Description:

A person who arranges for transportation of property by companies authorized by the Virginia Department of Motor Vehicles to transport property and who is not a motor carrier or an employee or agent of a motor carrier.

Authority Document:

License

Operating Requirements:

• Under this type of license, you can only broker the transportation of property for pick up and delivery within Virginia.
• You can only arrange for the transportation of property with companies that are authorized by the Virginia DMV to conduct such operations.
• You cannot arrange for the transportation of household goods. Household Goods - personal effects and property used or to be used in a dwelling, when a part of the equipment or supplies of such dwelling, and similar property if the transportation of such effects or property is (i) arranged and paid for by the householder, including transportation of the property from a factory or store when the property is purchased by the householder with intent to use it in his dwelling or (ii) arranged and paid for by another party.
• This license may be transferred by filing a Operating Authority Certificate or License Application (form OA150) with DMV, to be completed by both the transferor and transferee. The license must be in an active status.

Tariff and Time Schedule Requirements:

None

Insurance Requirements:

None

Bond Requirements:

You are required to keep a surety bond or letter of credit in the amount of $25,000 on file with DMV's Motor Carrier Services. Refer to Broker for the Transportation of Property Bond (form OA437) or the Property Irrevocable Letter of Credit (form OA456).

Registration and License Plate Requirements:

None

Filing Fees:

$50 filing fee
$3 for a duplicate license

Miscellaneous Requirements:

Address Change - You must report any new address to DMV's Motor Carriers Services within 30 days.

Discontinuing Service - If you go out of business or stop providing the service authorized, you must notify DMV in writing within 30 days.