Florida REALTORS® and the Japan-America Real Estate Coalition Office signed a memorandum of understanding that aims to promote collaboration and create international real estate business opportunities.

The agreement comes shortly after a subsidiary of Japan Airlines announced it would begin the first nonstop passenger flights between Florida and Asia, including four round-trip charter flights between Orlando and Tokyo.

The agreement was signed by Florida REALTORS® President Tim Weisheyer and JARECO Chairman Masayuki Nakagawa during a ceremony in Tokyo. According to a press release, JARECO represents over 100,000 real estate professionals and connects five of Japan’s major real estate groups with the National Association of REALTORS®.

“Florida’s global real estate connections continue to grow, and this new partnership with JARECO opens even more doors for collaboration, learning and investment between Florida and Japan,” Weisheyer said. “We’re proud to strengthen the bridge between our two markets and help Realtors in both countries find new pathways for success.”