(a) Except as otherwise provided in subsection (b) of this section, an individual may not act as an athlete agent in this State without holding a record of registration under this chapter.
(b) Before being granted a record of registration under this chapter, an individual may act as an athlete agent in this State for all purposes except signing an agency contract, if all of the following apply:
(1) A student athlete or another person acting on behalf of the athlete initiates communication with the individual.
(2) Not later than 14 days after an initial act that requires the individual to register as an athlete agent, the individual submits an application for registration as an athlete agent in this State.
(c) An agency contract resulting from conduct in violation of this section is void, and the athlete agent shall return any consideration received under the contract.