2007-09-24 04:28:36 · 4 answers · asked by fitron101 2 in Business & Finance ➔ Renting & Real Estate
Since you are in the Renting and Real Estate section, I would assume that you ware asking about Wholesale Mortgage Lending versus Retail Mortgage Lending. Wholesale Mortgage Lending is provided to Mortgage Brokers who will then market those loan programs to their clients. Generally the larger banks will have both Wholesale Lending divisions where the loans are destined for the clients of the mortgage brokers and Retail Lending divisions where the loans are destined for their clients.
2007-09-24 13:44:22 · answer #1 · answered by iggy_68 2 · 0⤊ 0⤋
Wholesale is the price retailers pay to manufactures when buying in very large bulk quantities .
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2007-09-24 11:37:27 · answer #2 · answered by kate 7 · 0⤊ 0⤋
Stores/Companies who only sell "wholesale" items basically means that they sell bulk items to companies/stores. For example, clothing stores who only sell wholesale, will sell their clothing to other clothing stores to have in their shops.
It's basically stores for business owners to shop at and buy in bulk--usually at significantly cheaper prices.
2007-09-24 11:33:34 · answer #3 · answered by Annie M 1 · 0⤊ 0⤋
To sell goods to retailers.
You cannot charge taxes on an item meant for resale. (wholesale items)
2007-09-24 11:36:09 · answer #4 · answered by lovepink317537 3 · 0⤊ 0⤋