Section 2051.005 - Certain Professional Services Exempt This chapter does not apply to a person who directly or indirectly recruits or solicits an athlete to enter into a contract with the person in which, for compensation, the person performs financial services for the athlete if:
(1) the person is licensed or registered by the state as: (A) a dealer, agent, investment adviser, or investment adviser representative;(B) a real estate broker or salesperson;(C) an insurance agent; or(D) another professional;(2) the financial services performed by the person are of a type that are customarily performed by a person licensed in that profession; and(3) the person does not: (A) recruit or solicit the athlete to enter into an agent contract or a professional services contract on behalf of the person, an affiliate, a related entity, or a third party; or(B) procure, offer, promise, or attempt to obtain for the athlete employment with a professional sports team.Tex. Occ. Code § 2051.005
Amended by Acts 2001, 77th Leg., ch. 1091, Sec. 4.04, eff. 9/1/2001. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.