I don't have a contract of any kind with my realtor. She has been helpful and I have found a house that I love. However when I started talking to her today about what I wanted to offer, she laughed at me. I am highly offended and I don't know what to do. This is my first house. I want to offer the full asking price but ask for closing costs and an appliance. She laughed and said that if I want closing costs, I need to offer more than the asking price. Then she asked how much binder I was putting down, I told her $500 (which is what my mortgage person told me was normal). She laughed again and said ok, I'll try. I am upset and I don't know how to handle this. The house is only $110K and is new construction and I don't want to take the chance that I will lose it because she isn't working for me. Help!

No, you can use a different realtor and i would suggest you find one.  On that purchas price $500 down as earnest money is very acceptable.

There are many good realtors looking and needing business.  Ask your loan officer for a referral.

I do suggest that you find another agent who will act as a professional and represent your best interests.

Thank you. I was concerned that she would say she was entitled to something because she showed me the home.

Also, she drafted a contract and emailed it to me tonight. How should I handle not signing it and discontinue the relationship?

I say that you should be honest with her and say that you do not want to do business with her. If she asks why, tell her that she offended you or just reapeat that you are going to do business with someone else.

As far as you owing her anything: No contact + no sale = no pay.

Good luck and congrats on finding your first home!

Lots of good advice above, don't worry about letting her know how you feel.  In this buyer's market, her suggestion that your FIRST offer needs to be higher than the purchase price to include seller's contributions is pretty ridiculous. 

Would she do the same if she were looking to buy the house herself?  I bet not.  More likely, she knew that the offer she had suggested would be accepted right away and would lead to a quick paycheck.

You don't owe her anything. You can probably find a Professional in the directory here and use him or her!

Buyer:

I don't have a contract of any kind with my realtor. She has been helpful and I have found a house that I love. However when I started talking to her today about what I wanted to offer, she laughed at me. I am highly offended and I don't know what to do. This is my first house. I want to offer the full asking price but ask for closing costs and an appliance. She laughed and said that if I want closing costs, I need to offer more than the asking price. Then she asked how much binder I was putting down, I told her $500 (which is what my mortgage person told me was normal). She laughed again and said ok, I'll try. I am upset and I don't know how to handle this. The house is only $110K and is new construction and I don't want to take the chance that I will lose it because she isn't working for me. Help!

The seller may owe her something, but not you.  It is the seller who is paying the RE commission.  Not the buyer.  I am sure the state real estate commission would not be amused by her conduct.

Looks like everyone agrees. 

get a new realtor. the 500 is good.

Try this....

If it is a new construction you can go on your own.You do not need a realtor.You can get the seller to pay you the realtor commission (some cases upto 3% of the loan) towards your closing costs.The seller will not offer that if you go with the realtor.Good luck!

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oh my...what a #$^&*....can I say that?

Just because it's a new construction it doesn't mean you can't negotiate on the price.  I'm sure it depends on the location (I'm on TX).  but the house I found was listed at $520k we offered $420k they came back with $450k with the condition that we use their lender, no major changes to the house and close at the end of the month. we sat on it for 2 weeks.  came back and offered $430k with their conditions and they accepted.  if she was my agent I guess she wouldn't even put in the offer thinking it's totally out of wack.  but in this market...you have to look at everything.  how long has it been on the market.  what other houses have been selling for.  how many houses are on the market in the area.  how "motivated" the seller is (when the home was completed).  every little bit of information helps.