Mutual Recognition Agreement

Definition:  a transactional agreement between Florida and another state that provides for the two states to recognize each other’s real estate license education.

Pronunciation:   \ˈmyü-chə-wəl\ \ˌre-kig-ˈni-shən\ \ə-ˈgrē-mənt\

Used in a Sentence:   Florida and Connecticut have a mutual recognition agreement for real estate licensing.

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