What must a dealer maintain in terms of financial records?

A dealer is required to maintain accurate and comprehensive records of all sales, purchases, and transactions to ensure compliance with state laws and regulations governing the sale of manufactured homes. These records not only serve to document the business activities of the dealer but also protect both the dealer and the customers by providing transparency and accountability in transactions.

Comprehensive records include details such as the specifics of each transaction, terms of sales, purchase orders, and inventory listings. This thorough documentation is critical for financial reporting, tax purposes, and in the event of audits or disputes that may arise. Proper record-keeping also helps in tracking performance and understanding market trends, which are essential for making informed business decisions.

The other options do not meet the necessary standards for compliance. For example, maintaining only sales records for the last month would provide an incomplete picture of the dealer's operations, while a spreadsheet of customer complaints does not cover financial aspects pertinent to compliance. Suggesting that no records are required at all contradicts regulatory requirements and would expose the dealer to significant risk.