What are the consequences if I do not renew my MO license on time?

Late fees for a Missouri real estate salesperson's license renewal are calculated at $50 per month (or any part of the month, thereof), with a maximum late fee of $200. It is important to note that a real estate licensee who is required to pay a late fee will clearly have a lapse in their license coverage. During this lapse in license coverage, the licensee is NOT permitted to conduct real estate business, until such time that the license is reinstated.