Wholesaler's EMD not considered legal equitable interest anymore.

[Reginald Smith Jr.]

Hello all. I'm a property Wholesaler in Florence, SC. My Realtor received a disturbing news letter today from the South Carolina Real-Estate Commission titled, "Wholesalers." The newsletter was informing her that EMD's do not, or no longer will, be considered as a buyer's "equitable interest" anymore in the state of SC. Which would strip all non licensed real estate professionals of there ability to market there assignable contracts. If this is true, this could potentially negatively effect my business and every other RE professional that does business with me big time. As the 'equitable interest' loophole was the only way that we were allowed to 'legally' market our assignable contracts in the first place. My question to the RE attorneys out there is, is this true? Or, is it just some kind of scare tactic designed to put what they believe are there non-licensed competitors (Wholesalers) out of business? And FYI: I haven't submitted this questing to my attorney yet. I kind of wanted to see what the consensus on here was before I pop the question. Thanks in advance for all of your expertise.