Usually the way it works is the reciprocating state will allow you to get their license without having to take their exam, but you still have to pay their fees. The license you get is the same as a "regular" license. Also, you generally can only reciprocate if you got your original license by exam. For example, if you have a license in state A and use that get a reciprocal license in state B, you probably can't get a recipriocal license in state C based on your license in state B. If you do enough research into the licensing laws, you'll find cases where A reciprocates with B, B reciprocates with C, but A and C don't reciprocate with each other.