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.
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.