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The last missing piece to the puzzle is the difference in tax liabilities between having the asset and business together (in the same LLC) or separate LLCs. 

We have an offering on a piece of property for $300K.

I'm quite confused about the best way to analyze this, as it's based on a piece of land that we've already owned for around 10 years.

It is a clause that basically states that in the event that a piece of the contract is unenforceable, the remainder of the statute or contract will remain intact and enforceable.

“Provide real estate brokerage services means to engage in any of the following activities: (1) for consideration, providing any of the following services for another person: (i) selling, buying, exchanging, or leasing any real estate; or (ii) collecting rent for the use of any real estate; (2) for consideration, assisting another person to locate or obtain for purchase or lease any residential real estate; (3) engaging regularly in a business of dealing in real estate or leases or options on real estate; (4) engaging in a business the primary purpose of which is promoting the sale of real estate through a listing in a publication issued primarily for the promotion of real estate sales; (5) engaging in a business that subdivides land that is located in any state and sells the divided lots; or (6) for consideration, serving as a consultant regarding any activity set forth in items (1) through (5) of this subsection."  

Tax professionals continue to promote this even though its clearly wrong.

The reverse exchange is the add on piece that allows this to happen but give you control of the old property.   

It's just a piece of paper - a piece of paper they likely have not thoroughly read and couldn't understand if they did.What advantage could you have by making it 3-4-5-6-27 years long?

It's a ton of information for sure, but I'm enjoying putting the pieces together slowly to try and get a gameplay moving forward.