Which of the following statements is/are true regarding designated agency in North Carolina?
I. When a firm practices designated agency, the firm is not a dual agent.
II. A real estate firm that consists of only the Broker-in-Charge and one provisional broker is not allowed to practice designated agency.
a) Statement I only is true.
b) Statement II only is true.
c) Both statements are true.
d) Neither statement is true.