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In the video tutorial, the speaker discusses the "Reference" tab in Form Simplicity, highlighting its features. Users can check their current version and edition of the software, specifically noting that Florida Realtors members have free access to the Professional Edition, which allows management of transactions, document handling, and e-signing capabilities. For those needing more functionality, an upgrade to the Ultimate Edition is available, offering increased storage and unlimited e-sign sessions. The speaker also indicates that users can upgrade directly from the session view. Subsequently, the speaker transitions to reviewing a specific transaction they created.