The "Proper" way to do it would be for the person selling the boat to go to the NC title agency and get the title changed to his name. That way you know (for your own protection) that he really is the owner and that he has the legal right to sell the boat.
Taking it to the extreme.. suppose he stole the boat and it happened to have the title in it? What happens to you if you try to title the boat and it comes back as stolen? At the very least you'd be out the money that you paid for the boat.
Not worth the risk if you ask me.
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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