Pocket Listing Finders Fee????

[Mindy Conant]

I am new to wholesaling. I had an agent friend reach out to me about a pocket listing he has and wanted to know if I have an interested Investor, he is offering a finders fee. This concept is new to me. How/ when do I get paid? Do I set the fee or does the agent? Who pays me? Is this even a good idea? I'm in California, Thank you in advance for your help.

Side Note: I've known the agent for a long time and I trust him.