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Broker Compliance

October 2018 — Question 21

Which of the following timeframes is INCORRECT?

Why this answer

Under 19 CFR 111.13(f) as in effect for this sitting, an examinee who fails the broker exam may appeal in writing within 60 calendar days after the date of the written notice of results, not within 30 working days, so option B misstates both the length and the unit of the period and is the incorrect timeframe. The remaining options accurately state rules under the edition tested: the two-week posting of notice of a license application, five-year retention of warehouse withdrawal records running from the last withdrawal under the entry, transmittal of late-received client payments within five working days, and the three-year window to apply for a license after passing the exam. Watch for: Accepting the plausible-sounding 30 working days when the appeal period is actually 60 calendar days.

Original CBLE Simulator explanation — the question and key above are CBP's; this analysis is ours. Verify against the current edition before relying on it in practice.

CBP's cited authority

§ 19 CFR 111.13(f)

Answer and citations as published in CBP's official answer key for the October 2018 examination.

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