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In the reference tab of Form Simplicity, users can check the version they are using under account information. The professional edition is a free benefit for Florida Realtors members, offering features to manage transactions, add documents, print, email, and fill out forms. An upgrade to the ultimate edition is available, providing increased storage space for transactions 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 user.