@Jose Quintanathe hardest part about flipping now is finding the property that you can buy for enough of a discount to make money after all the repairs, commissions and lender fees.

@Nicholas Hamel, if you have purchased the house in May 2017, how likely it is that you will have a gain on sale of the house after paying commissions and other fees?

In Bay Area, the downturn in year 1991 and 2001 was only 10%, about the same fee/cost (6% agent commission, escrow fee, property transfer tax, owner title policy etc.) to sell a property.

The realtor's commission on both, selling and buying side, comes from the proceeds to the seller.

Otherwise, receiving a property/seller finder's fee on a contract other than a commission is not allowed as an agent.

You can usually buy a property and use it for its original intended purpose without too much trouble or review, but when you try to use it for a different,  non-conforming purpose most cities have some sort of planning/zoning commission that will have to review and approve it before its approved. 

Quick hypothetical in case that the last paragraph didn't make sense:Purchase property at 50kIt rents for $1000/moIt cash flows $300/moSell it for 75k because it's appreciatedNet a 25k profit(we wouldn't actually, with commissions, closings, taxes etc, but I'm keeping this simple)Now we can put 25% down on a 100k propertyIt will gross $2000/mo(2% rule)Now we net $600/mo cash flow.Our cash flow has doubled because of the snowballing!

(Of course that would be contingent upon you becoming an agent at that brokerage and staying there for 6-12 months or something of that nature.)Other good questions to ask them would be what are their commission splits, a breakdown of ALL fees (monthly or annually), what their commission cap is, whether they provide leads for you and if the commission changes if they do, how often they provide training and what the topics of the trainings usually are, do they provide mentoring to help you work through deals, etc.Also, keep in mind that there are fees that the Broker has no control over such as MLS access, ($300/6 mo in PA), Realtor dues if the Broker is a member of the association of Realtors ($600/yr in PA), marketing materials, cost of yard signs, networking associations to network with investors, etc.

I also used my license to help a friend of mine to purchase a home, and that commission check for $4,900 I got yesterday has me hungry for more. 

If you work with a skilled realtor he will guide you but keep in mind he does not want to be followed unless he can bring commission on the table.