I'm checking in from Boston, my new place of residence. The move went smoothly. I have a quick question about flight instructors and medical certificates. We are all aware that:
-Flight instructors do not need medical certificates to flight instruct, as long as they are not required to be the PIC, i.e. commercial and instrument students.
-If the the flight instructor is required to be the PIC, then only a Class III medical is required.
-Commercial pilots are required to have a Class II
medical in order to exercize the priviledges of that certificate, namely to carry persons or property for hire.
My question is: Is a flight instructor allowed to be financially compensated for his or her time when instructing with a Class III medical or none at all?
Thanks in advance for the help,