(a) In certain circumstances, Occupations Code, §2051.005, exempts from registration a person licensed or registered by the state as:
  (1) a dealer, agent, investment adviser, or investment adviser representative;
  (2) a real estate broker or salesperson;
  (3) an insurance agent; or
  (4) another professional.
(b) For purposes of this section, "another professional" means a person holding a license or registration issued by this state that authorizes the person to perform the type of financial services that the person is performing for the athlete.

Source Note: The provisions of this §78.7 adopted to be effective October 24, 2011, 36 TexReg 7163