Mike leads a discussion on handling transactions with unrepresented buyers who seek a commission instead of an agent's fee. Mike explains that while buyers can represent themselves, they cannot expect assistance from agents. They must submit offers with all terms, and the seller must be informed of the risks involved. Mike advises agents to not assist unrepresented buyers and to ensure the seller is aware of the situation. The focus is on maintaining professional boundaries and not overstepping into roles that could lead to legal issues.