Step 1:
Go to MORE-> Application and Profile Builder
Step 2:
Once there, look for the section from where you want to add the text area and click the edit / pencil icon of the section.
Step 3:
Select Button "Add Field" and then give a field label / profile label and select the field type as "Rich Text Editor"
Step 4:
Save the section and here is how the rich text editor you will see.
The following video is from a previous interface but the information is still accurate. Make a note to select field type as "Rich Text Editor"
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