§ 2051.005 — CERTAIN PROFESSIONAL SERVICES EXEMPT.

Texas § 2051.005

• Jurisdiction: Texas
• Code OC: Occupations Code

Text

Sec. 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.

Legislative History

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1091, Sec. 4.04, eff. Sept. 1, 2001.