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In the reference tab of Form Simplicity, users can check their current version, including the edition they are using. Florida Realtors members can access the Professional Edition for free, which enables transaction management, document handling, and e-signing capabilities. There is also an upgrade option to the Ultimate Edition, offering increased storage and unlimited e-sign sessions. Users can view their current edition and upgrade directly from this section. The tutorial then transitions to examining a specific transaction created by the instructor.