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The speaker visits the DMV to clarify the title transfer process for their Explorer. At the DMV, they learn they must record the odometer reading and provide the seller's signature, with the seller's printed name underneath. The buyer must sign on the next line and also print their name. It's noted that any writing on the back of the title is for dealers only, requiring a new title in that case. Additionally, the first line of the title must be completed with the name and address of the purchaser. The speaker emphasizes the importance of avoiding mistakes during this process in Illinois.