A person with a commercial pilot certificate may act as pilot in command of an aircraft carrying persons or property for compensation or hire, if that person ______.
is qualified in accordance with 14 CFR part 61 and has passed a pilot competency check given by an authorized check pilot
holds appropriate category, class ratings, and meets the recent flight experience requirements of 14 CFR part 61
is qualified in accordance with 14 CFR part 61 and with the applicable parts that apply to the operation