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In the Reference tab of Form Simplicity, users can check their current version and edition under account information. Florida Realtors members have access to the Professional Edition for free, which includes features for managing transactions, adding documents, and printing or emailing forms. There is also an upgrade to the Ultimate Edition, providing increased storage space for transactions and unlimited e-sign sessions. Users can view their current edition and upgrade if necessary directly from this section. The tutorial proceeds to review a transaction created by the presenter.