The fixed point space of a self-homomorphism of $\mathbb{RP}^1$, $f : \mathbb{R}^2 \rightarrow \mathbb{R}^2$, is given by:
$$Fix([f]) = \{[x,y] \in \mathbb{RP}^1 | [f(x,y)] = [x,y]\} \subseteq \mathbb{RP}^1$$
then let:
$$f_1: \mathbb{R}^2 \rightarrow \mathbb{R}^2; (x,y) \rightarrow (y,x)$$
$$f_2: \mathbb{R}^2 \rightarrow \mathbb{R}^2; (x,y) \rightarrow (-y,x)$$
The claim in my notes say that $Fix([f_1]) = \{[1,1],[1,-1]\}$ and $Fix([f_2]) = \emptyset$, however I don't quite get why this is the case. How does one work this out?
Observe that not every map $f : \mathbb{R}^2 \rightarrow \mathbb{R}^2$ induces a map $[f ]: \mathbb{RP}^1 \to \mathbb{RP}^1$. We need to know that $f$ maps lines through the origin to lines through the origin. This is certainly the case if $f$ is a linear isomorphism. So your maps $f_1, f_2$ are okay.
Note that each line through the origin has the form $[a,b] = \{ t (a,b) \mid t \in \mathbb R\}$ with $(a,b) \ne (0,0)$. We have $[a,b] = [c,d]$ iff $(a,b) = \lambda(c,d)$ for some $\lambda \in \mathbb R$.
We have $[f_1]([a,b]) = [b,a]$. Thus $[a,b]$ is a fixed point iff $(a,b) = \lambda(b,a)$. One of $a, b$ must be non-zero. If $a \ne 0$, we get $a = \lambda b = \lambda^2 a$, thus $\lambda = \pm 1$. The same is true if $b \ne 0$. For $\lambda = 1$ we get $a = b$, thus $[a,b] = [a,a] = [1,1]$. For $\lambda = 1$ we get $a = -b$, thus $[a,b] = [a,-a] = [1,-1]$.
We have $[f_2]([a,b]) = [-b,a]$. Thus $[a,b]$ is a fixed point iff $(a,b) = \lambda(-b,a)$. One of $a, b$ must be non-zero. If $a \ne 0$, we get $a = -\lambda b = -\lambda^2 a$, which is impossible. The same is true if $b \ne 0$. Thus there are no fixed points.