Final answer:
It is false that merely checking a box on the URAR form provides summary support for an appraiser's highest and best use opinion; substantial analysis and evidence are still required.
Step-by-step explanation:
When an appraiser marks the checkbox on the Uniform Residential Appraisal Report (URAR) form indicating that the highest and best use of the subject property is its current use, it does not alone constitute summary support for the appraiser's opinion on the highest and best use. Instead, this checkpoint initiates the appraisal process, wherein the appraiser has to provide adequate evidence and reasoning to support this claim. The highest and best use concept is a critical aspect of real estate appraisal requiring a thorough analysis of usability, legality, physical possibility, and financial feasibility. Essentially, selecting the box signals the appraiser's preliminary conclusion, but it must be substantiated through a comprehensive analysis detailed in the appraisal report.