How to reproduce: check the attached project and video

Workaround: create a custom RadMultiColumnComboBoxElement
Public Class MyRadMultiColumnComboBox
    Inherits RadMultiColumnComboBox

    Public Overrides Property ThemeClassName As String
        Get
            Return GetType(RadMultiColumnComboBox).FullName
        End Get
        Set(value As String)
            MyBase.ThemeClassName = value
        End Set
    End Property

    Protected Overrides Function CreateMultiColumnComboBoxElement() As RadMultiColumnComboBoxElement
        Return New MyRadMultiColumnComboBoxEleemnt()
    End Function
End Class

Class MyRadMultiColumnComboBoxEleemnt
    Inherits RadMultiColumnComboBoxElement

    Protected Overrides ReadOnly Property ThemeEffectiveType() As Type
        Get
            Return GetType(RadMultiColumnComboBoxElement)
        End Get
    End Property

    Protected Overrides Sub SetActiveItem(item As String)
        Dim rowIndex As Integer = Me.FindItemIndexExact(Text)

        If rowIndex <> -1 Then
            Me.textBox.SelectionStart = Me.textBox.Text.Length
        End If
    End Sub
End Class