Any attorney licensed in this state performing activities that come within the definition of a mortgage loan originator, is not required to be licensed as a mortgage loan originator if such activities are:
(1) Considered by the South Dakota Supreme Court to be part of the authorized practice of law in South Dakota;
(2) Carried out within an attorney-client relationship; and
(3) Accomplished by the attorney in compliance with all applicable laws, rules, and standards of professional conduct.