The last paper from the FAA that I read was an exception the was not fully granted to the applicant who wanted to use the drone for his real estate business. It is very vague but shows some promises. I believe it said there was only 5 exceptions granted as of the writing of the document which was a few months ago.
Under the ruling for the exception, the altitude is listed as 300 feet and must be flown by a licensed pilot holding at least a PPL with a current medical. There were other requirements such as having a qualified observer to make sure the from stays within line of site, the pilot must have something like 25 hours of training flying that particular drone and the drone also needs to meet certain requirements that the phantom 2 has. I'm not sure about the other units. The biggest thing that has kept me from purchasing one is the fact that if I crash this toy in my own backyard even if it hits a tree or the sidewalk, I have to report the accident to the NTSB that I crashed my toy. I don't want an incident on my pilot license record.
The requirements will change multiple times in the future once all the bugs are worked out, but the FAA had to start somewhere.
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