Legal Question in Wills and Trusts in California

That would depend on whether or not any of the beneficiaries want to force a sale. If there is no one to protest the failure to sell the property, then even though it is a technical violation of the trust instrument, there would be no repercussions. Of course if I were the trustee, I would not want to risk the beneficiaries changing their minds down the road, for example if real estate prices went even lower. So I would sell it for whatever I could get for it after three years.