(a) An athlete agent, with the intent to induce a student-athlete to enter into an agency contract, may not:
(1) give any materially false or misleading information or make a materially false promise or representation;
(2) furnish anything of value to a student-athlete before the student-athlete enters into the agency contract;
(3) furnish anything of value to any individual other than the student-athlete or another licensed athlete agent; or
(4) solicit another individual who is not an athlete agent to commit an act on behalf of the athlete agent that is a violation of this subtitle.
(b) An athlete agent may not intentionally:
(1) initiate contact with a student-athlete unless licensed under this subtitle;
(2) refuse or fail to retain or permit inspection of the records required to be retained by § 4-412 of this subtitle;
(3) fail to obtain a license when required by § 4-403 of this subtitle;
(4) provide materially false or misleading information in an application for a license or renewal of a license;
(5) predate or postdate an agency contract; or
(6) fail to notify a student-athlete before the student-athlete signs or otherwise authenticates an agency contract for a particular sport that the signing or authentication may make the student-athlete ineligible to participate as a student-athlete in that sport.
(c) An athlete agent may not split a fee with or receive compensation from:
(1) a professional sports league;
(2) a professional sports franchise;
(3) a representative or employee of a professional sports league or franchise; or
(4) an employee of an educational institution in the State.
Credits
Added by Acts 2003, c. 421, § 2, eff. Oct. 1, 2003. Amended by Acts 2012, c. 691, § 1, eff. Oct. 1, 2012.
MD Code, Business Regulation, § 4-413, MD BUS REG § 4-413
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
