What is one required feature of the dealer's established place of business according to licensing requirements?

The correct feature of a dealer's established place of business according to licensing requirements is having a valid email in the dealership's name. This requirement is essential as it ensures that the dealership has a professional and accessible means of communication. Email is a crucial tool for both customer inquiries and official correspondence with regulatory bodies, suppliers, and other business contacts. Having a dealership-specific email also helps to reinforce the business's brand identity and professionalism in the market.

The other options, while they may be beneficial for customer experience or operational efficiency, do not satisfy the legal licensing requirements to the same extent as having a valid email address. For instance, an outdoor sign is important for visibility and attracting customers, but it does not pertain to the necessary communication protocols. A customer waiting area enhances service quality but is not a mandatory licensing feature. Lastly, sharing a space with another dealer could complicate branding or operational identity and does not fulfill the specific need for independent communication and business operations required for licensing.