A bunch of requirements that pilots must deal with. Including, but certainly not limited to FAA physical. This is only if you want to fly commercially.
To get the 333 exception, yes, you must have at least a Sport Pilot's license. You also need an N license number and need to file a flight plan with the local ATC prior to each flight. Again, this is for commercial use, not for hobbyist.
There is a list of FAA regulations that Section 333 of the FAA Modernization and Reform Act of 2012 gives authorization to the FAA administrator to individually exempt operators of commercial small UAS aircraft (drones). We simply call them "333 exemptions".
Not exactly. Anyone may obtain a Section 333 exemption, but only someone with an FAA-issued airman's certificate may operate the aircraft. The FAA does not have the authority to waive the statutory requirement for an airman's certificate.
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