In order to play the game, you must know the rules. This section discusses the importance of the rules and regulations of the sports agent industry. The NCAA imposes sanctions on athletes accepting gifts, money, etc. Depending on which state you are located in or which state you are recruiting a prospective client in, you may need to register as an athlete agent in that state.
Furthermore, there are certain rules and regulations you must follow in each state. Failure to follow state-by-state regulations can result in civil and criminal penalties. The respective players associations also regulate athlete agent behavior. It is very important that you read this section carefully.