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Every state has a Real Estate Commission that is responsible for licensing, continuing education requirements, contracts and forms, reprimands and disciplining agents.
FAR 32.407(c) Interest shall be required on contracts that are for acquisition, at cost, of property for Government ownership, if the contracts are awarded in combination with, or in contemplation of, supply contracts or subcontracts.
No contracts signed by minors are not valid.
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Forcing someone to do illegal activities is prohibited in contracts. Contracts must conform to legal requirements, otherwise they are not enforceable.
Emmett E. Hearn has written: 'Federal acquisition and contract management' -- subject(s): Government purchasing, Law and legislation, Letting of contracts, Public contracts
Usually, minors are not responsible contracts they may agree too, because they lack capacity to contract.
Contracting Officer
Contracting Officer
A contract administrator is responsible for the correct implementation of all specifications written in a contract and worked on by different contractors. Additionally the contract administrator will be involved in specifying the rules for the process of handling bids and proposals and defining the requirements for the contractor qualifications.