Just a bilateral agreement that specifies:The giver of the option, or optionorThe receiver of the option, or optioneeThe purchase priceThe term (start date and end date) that the agreement will be in effectThe consideration (typically a dollar amount) paid by the optionee to secure the right to buyPLUS whatever else your attorney thinks is necessary.Make the document recordable by your county clerk, get it signed (and possibly notarized), and then have it recorded on public record.The intent is to ensure that if he tries to sell to anyone else, a title search will find this agreement and trigger a title defect.

I went to inner city public schools and don't come from a lot of money.

The perception gap of what constitutes a qualified buyer from an actual qualified buyer is getting bigger.

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

@Irina Belkofer how dare you make these accusations in a public forum, very ignorant on your behalf.

You might want to ask the Register of Deeds if they plan to make it publicly available online anytime soon. 

This is public record around here and easy to come by online.

I was talking with a local property management company, and for tenants that have been in Wisconsin for a long time (most of them), they just use public records available here in Wisconsin.

I used the public sites to determine the rental rates in the areas, they ranged from $650-$800 thus I went with the worst case scenario.

This will tell you that agents like them because of prices, perception, etc and that PMs like them because of ease of rent, quality of tenant, etc.