We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. OPTION (ii) SHALL BE DEEMED SELECTED. 31.Escrow Agent Information: Name: 32. Address:. How to fill out the Real Estate Purchase Option Agreement Template? 1. Enter the name and address of the Owner. 2. Purchases made under this section require budget. 262 availability, Procurement Officer approval and processing of a Purchase Order. 263. 264.