Previous Exam Review
The license of a broker that is a corporation or association can be revoked by operation of law if
it fails for _____ continuous days to have at least one officer of the corporation or association
who holds a valid individual brokers license. (APR16-Q58) - correct answer ✔✔ 120
Which of the following is NOT a "Customs Business" as defined in the Code of Federal
Regulations? (APR16-Q61) - correct answer ✔✔ Corporate compliance activity
When the broker is employed for the transaction of customs business by an unlicensed person,
who is not the actual importer, the broker must transmit __________(APR16-Q62) - correct
answer ✔✔ A copy of the importer's bill for services rendered or a copy of the entry (111.36)(a)
XYC Brokerage is located in New York. It is permitted to conduct customs business in the ports of
New York, Florida, California and Alabama. The individual qualifying the permit in New York
leaves the brokerage. Which statement is correct (APR16-Q63) - correct answer ✔✔ XYC
Brokerage has only 180 days to replace the indivudial qualifying the permit in New York.
(111.45)(b)
If a broker that is a partnership, association or corporation fails to have at least one member or
office who holds a valid individual brokers license during any continuous period of ______, the
license and any permits will be revoked by operation of law. (APR 16-Q64) - correct answer ✔✔
120 days (111.45)(a)
Which is the deadline for a Licensed Customs Broker to file a status report? (APR16-Q65) -
correct answer ✔✔ February 1st of each 3rd year (111.30)(d)(1)
The triennial process consists of a status report and fee payment that must be submitted by all
licensed brokers. Regulations governing this process may be found: (APR17-Q9) - correct answer
✔✔ 19 CFR 111.30 (d)