(a) Records.--An athlete agent shall create and retain for five years records of the following:
(1) the name and address of each individual represented by the athlete agent;
(2) each agency contract entered into by the athlete agent; and
(3) the direct costs incurred by the athlete agent in the recruitment or solicitation of each student athlete to enter into an agency contract.
(b) Inspection.--Records under subsection (a) shall be open to inspection by the commission.