A registered representative personally owns some rental property that has not been doing well. The representative is underwater on the investment and negotiates with the bank to do a short sale of the property. Does this have to be reported to her broker-dealer and be reported on her U4 Form?

A. No, because it is an outside business relationship

B. No, because the representative is not personally responsible for any loss on the sale of the property

C. No, because securities are not involved in the transaction

D. Yes, because she had made a compromise with a creditor