You would then have to agree upon a fair way to split the profits.

That's why I suggest we go to the hotel bar after the reception since the reception will be noisy and fairly distractive. 

I want to do similar deals and been working with fairly new realtor he has been real good but no offers made yet.  

After being fairly successful with stock investing, my portfolio is at the point whereby I experience "huge" losses (and gains) do to the volitility of the market.

Your mom can't do this and it is not fair to her, unless 50k is like buying a stick of gum.

All that being said, having been a college kid fairly recently I know that they can be a headache.

Much of what you can learn (Marketing, local law, fair housing) is going to carry over quite a bit to the investing side of your business. 

I don't feel it is fair to pay a real estate agent 6% if I did not use them to the full potential.

I know this will ruffle a few feathers but it is a fair question.

But know as soon as it's reassessed, the city's appraiser is going to likely come in very very close to the recent sale price, possibly higher if you're buying below fair market value.General rule of thumb is 2%.Seller won't care and if you've already agreed on a price, it's not a negotiable point now.