Question 101 - instant booking on OR

Stupid Question

For hosted website - I assume outside inquiries coming to my website are inquiries, and there is no such thing as an "instant book" (direct book) on my website, correct?"

This depends on how you have the site configured. By default it will accept instant book (we call it "book now"). Or you can change the widgets on the booking page and property page to inquiry only mode, and then you'd only get inquiries.