I am in the process of buying my first home. I'm approved for $200,000, and I have found a house for about 185,000. I want to neogociate with the seller for less, and I was going to start at $150,000 and go from there. Well my realtor doesnt want to neogociate and told us it was a good deal and to accept it. I dont agree, I would never pay the asking price for a house in this market (New Hampshire). Also, she told the sellers realtor what we were approved for. So, now the other realtor can tell the seller what we have to work with. I'm so frustrated, is what she is doing correct or should we look for anothe realtor?

The realtor should not have done that! I would report her to her supervisor and look for a new realtor immediately. Of course you never just take the asking price, they always put it on the market for more then they really want. Your realtor just wanted a bigger check!

Btw...No one is going to come done in price 35K. I would telll them 10-15K less and then work from there.

Dump the realtor unless you're absolutely in love with this house. and next time you interview a realtor...find out if you want to "negotiate a deal" if they'll be on board for you.
what this one is doing to you ....IS JUST PLAIN WRONG!
GOOD LUCK

I don't think your realtor should have talk to the other realtor (especially about your finances), but bottom line is you offer what you think the house is worth and if the sellers don't want your money, then you look for another house (with a different realtor this time).
Good luck.