436.251.  Records to be retained. — 1.  An athlete agent shall retain the following records for a period of five years:

  (1)  The name and address of each individual represented by the athlete agent;

  (2)  Any agency contract entered into by the athlete agent; and

  (3)  Any direct costs incurred by the athlete agent in the recruitment or solicitation of a student athlete.

  2.  Records required by subsection 1 of this section to be retained are open to inspection by the director during normal business hours.