Final answer:
The legal name for a freight broker is Property Broker. They act as intermediaries between shippers and carriers, facilitating the transportation process. Property brokers play a crucial role in the logistics industry.
Step-by-step explanation:
The legal name for a freight broker is Property Broker according to the regulations set forth by the Federal Motor Carrier Safety Administration (FMCSA) in the United States. A property broker is an intermediary between shippers and carriers, responsible for arranging transportation services. They do not take ownership of the freight but facilitate the process by connecting shippers with carriers. Property brokers play a crucial role in the logistics industry, ensuring the efficient movement of goods and maintaining compliance with relevant transportation regulations.