Within how many days must a wholesale Reports of Sale (ROS) be submitted to DMV?

Study for the DMV Used Car Dealership Test. Prepare with flashcards and multiple choice questions. Each question includes hints and explanations. Get ready to ace your exam!

The correct timeframe for submitting a wholesale Report of Sale (ROS) to the DMV is 10 days from the transaction date. This requirement ensures that the DMV has timely and accurate information regarding vehicle sales, which is crucial for maintaining up-to-date registration records and for tracking ownership changes. Submitting the ROS promptly also helps in avoiding potential penalties for late submission and assists in the proper handling of title transfers. The timeline is designed to streamline the reporting process and enhance efficiency within the vehicle sales framework.

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