My goal is to have him list the property and I would:- pay him 5% commission of total purchase price if he find a buyer, representing both buyer and seller-or split the 5% commission with the buyer's broker 50/50 if another broker representing the buyer approach him to offer and buy the property, such that my listing broker would get 2.5% and the buyer broker would get 2.5%. 

@Nathan:  I have no idea what seller carry-back means or what this 65/35 split means in terms of whatever LTV is. 

My partner and I will split expenses, profits, liabilities.

Someone there may even be able to help walk you through the paperwork if you bring them a deal and split it with them.

This normally would have take 6 weeks but my General Contractor split his crews to do two properties at the same time for me.

You bring cash and desire to the table, someone with clean credit can get the loan, and you come up with some kind of partnership agreement to split the proceeds. 

At my current brokerage the split is around 65/35 and since I am now not going to be doing a high volume of deals I would like to switch to a brokerage that charges a monthly fee and charges broker fees per each transaction in order for me to keep more of the commission for the lower volume of deals.

I could represent myself as an agent, but then I'd be splitting my commission with my firm.                    ...OR...I can represent myself as principal (no agent or firm involved on the buyer's side) and negotiate that 100% of the 3% goes towards my down-payment at closing! 

In order to make money, they "partner" with the selling speaker and split the take. 

Take them out to lunch and pick their brains.