It's not complicated, and an experienced lawyer will be able to handle it for you, but if it is not done correctly, you can be in a lot of trouble with the Securities and Exchange Commission.  

Unsurprisingly, we were over budget and past schedule but are excited that the Dallas-Fort Worth market is so hot...we are hoping for a quick sale. http://apps2.shoot2sell.net/gallery/mls/1602-brunson-ct-arlington-tx/Location: Arlington, TXPrice Paid: $94KList Price: $174,900Repairs: $46KHolding Costs: $5300Anticipated Closing Costs: $4373  Buyer's Agent Commission: $5247As you can see the numbers aren't great but not terrible at a full price offer. 

Tons of hours in as a broker to make 2,700 commission or 5,400 double ending it.What I learned from that experience is to choose what you work on.

I have an Aunt who is s real estate agent but I'm confused on how they make commission?

If $25k is net (of closing costs and commissions), it may be worth looking at.  

welcome to the party, hope your wife will give you a break on commissions.  

With a ARV of just $120k it's not worth the risk as a flip as commissions and carry costs would eat up your profit.It's a no brainer between the two..

For instance, you find a deal yourself, but you allow her to present you and get the buyer's agent portion of the commission.

No commissions, cheaper price, and you talk directly to the man in charge.

No commissions are being paid.