What must be included as proof of business location in a dealer's application?

Study for the Colorado Motor Vehicle Dealer Board Exam. Enhance knowledge with quiz questions that come with hints and explanations. Prepare confidently for your dealer board exam!

In the context of a dealer's application, including a business lease or deed as proof of business location is essential because it serves as a legal document that establishes the dealership's physical presence at a specific location. This documentation provides evidence that the dealer has the rights to operate from that site, whether through ownership or a rental agreement. Such proof not only meets regulatory requirements but also assures authorities that the business is legitimate and has a stable operating location.

In contrast, while a bank statement might indicate financial activity or account ownership, it does not confirm the physical address of a dealership. A customer reference is typically unrelated to establishing a business's legitimacy or location, instead focusing on past interactions. A personal affidavit could provide additional information about the dealer but lacks the formal recognition of ownership or lease that a deed or lease provides.

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