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Broker Compliance

May 2024 — Question 1

Which of the following statements is FALSE?

Why this answer

Under the broker fee provisions in the edition tested, license applicants pay an application fee whose amount differs for individuals and organizations, every broker must file a status report in 1985 and each third year afterward with the accompanying fee, and the annual permit user fee attaches to permits, which after the 2022 modernization means brokers holding the national permit. Statement D is false because the status report is triennial, not annual; no yearly report exists, only the yearly permit user fee. Candidates conflate the two payment streams, the annual user fee on the permit and the triennial report fee, and option D is built on exactly that conflation. Watch for: Conflating the annual permit user fee with the status report, which is due only triennially.

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 111.96

Answer and citations as published in CBP's official answer key for the May 2024 examination.

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