What information must be disclosed to buyers concerning any assessments from the homeowners association?

The requirement to disclose any restrictive covenants to buyers is crucial as these legal agreements can significantly affect the rights and responsibilities of property owners within a community governed by a homeowners association. Restrictive covenants are rules set forth by the association that limit or dictate certain actions for property owners, such as guidelines about home appearances, usage of properties, and shared community spaces. Disclosing this information ensures that potential buyers are fully informed about the limitations that may come with the property, allowing them to make educated decisions about whether to purchase the property.

The other options involve information that is either irrelevant or not typically required for disclosure. For example, the number of members in the association may not influence a buyer's decision as directly as understanding the specific rules that govern the community. Similarly, while appreciation of property values is a concern for buyers, it is inherently speculative and not something that a sellers or the association can guarantee. Lastly, the personal history of association members is generally considered private information and not relevant to the buyer's decision-making process.