Reseller hosting is something wherein the account owner has the ability to use allotted hard drive use to host third party websites.
I think re-seller hosting is more to do with who has control over the hosting. If all you are going to do is host sites for third parties, but don't intend to give the 3rd parties control of the sites, you don't need re-seller hosting. Re-seller hosting provides you with the ability to pass on control of the site to the 3rd party.
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