I tried solving the problem on my own. I would like to know if I have made any mistakes. If I have indeed made a mistake, I would appreciate it if someone corrects it and explains what it is. Also, I would like to know if the end argument about the real number is flawed. Thanks in advance.

Notice, when $z\in\mathbb{C}$:
$$\frac{\overline{z}}{z}=\frac{\overline{z}\overline{z}}{z\overline{z}}=\frac{\overline{z}^2}{|z|^2}=\frac{\left(\Re[z]-\Im[z]i\right)^2}{\Re^2[z]+\Im^2[z]}=\frac{\Re^2[z]-\Im^2[z]-2\Re[z]\Im[z]i}{\Re^2[z]+\Im^2[z]}$$
So, we get that:
Now, when $z=1+xi$, $\overline{z}=1-xi$ and $x\in\mathbb{R}$ we get:
$$\frac{1-xi}{1+xi}=\frac{1-x^2-2xi}{1+x^2}=\frac{1-x^2}{1+x^2}-\frac{2xi}{1+x^2}$$
If we now know that this have to equal $a-bi$ and $a\space\wedge b\space\in\mathbb{R}$, we get the system (given that $a^2+b^2=1$):
$$\frac{1-x^2}{1+x^2}-\frac{2xi}{1+x^2}=a-bi\Longleftrightarrow \begin{cases} \frac{1-x^2}{1+x^2}=a\\ -\frac{2x}{1+x^2}=-b\\ a^2+b^2=1 \end{cases} $$
Solving this, gives us (when $a+1\ne0$):