- If the vehicle is on consignment, the title must be with the vehicle but need not be assigned to Owner to Owner Lot if it is in possession of a properly executed power of attorney.
- No, if Owner to Owner only rents or leases space and the motor vehicle is appropriately signed as to owner and Owner to Owner Lot does not assist in sale.
By way of explanation, the term "Owner to Owner Sales Lot" is of recent origin. Such term attaches to those lots where spaces are leased to owners of vehicles for display for the purpose of sale; i.e., the owner of the vehicle places the vehicle on the lot with appropriate signs indicating where he may be reached for information as to price, etc. The lessor of the spaces takes no part in the sale of the vehicle.
As to conclusion (1), if Owner to Owner Lot is selling cars on consignment, it would have to be licensed as a dealer. See. G.S.20-286(13) and (16).
Rufus L. Edmisten Attorney General
William W. Melvin Deputy Attorney General