In which situation are repossession agents exempt from licensure?

The correct choice pertains to the circumstances under which repossession agents are exempt from needing a license. Specifically, repossession agents are exempt from licensure when they are using their own equipment to make keys. This exemption is based on the understanding that the act of making keys, when done for the purpose of accessing property being repossessed, falls within the personal tools of the agent rather than necessitating a specialized locksmith license.

The other scenarios presented do not establish a clear exemption under the licensing requirements. While working under a licensed contractor typically requires adherence to the contractor's licensing, performing locksmith services for free does not inherently exempt an individual from needing a license. Similarly, being employed by a retail store does not provide any licensing exemption for repossession duties, as it is contingent on the nature of the work being performed, rather than the employment status. The focus remains on the legitimacy of the actions taken regarding repossession rather than the employment context.