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Please provide a link to a source at BATF that states this, as it is nothing close to my understanding.
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Sell one to replace it with another was probably not the right example.
[18 U.S.C. 922(a) and 923(a)(1), 27 CFR 478.41(c)(d)]
Q: What does “engaged in the business” mean?
The term “engaged in the business,” as applicable to a firearms dealer, is defined as a person who devotes time, attention, and labor to dealing in firearms as a regular course of trade or business with the principal objective of livelihood and profit through the repetitive purchase and resale of firearms,
but such term shall not include a person who makes occasional sales, exchanges, or purchases of firearms for the enhancement of a personal collection or for a hobby, or who sells all or part of his personal collection of firearms.