An initiative to weed out rogue property educators from the industry, promote best practice and create an ‘approved operator’ badge has been launched.
Called the Property Educators Accreditation Scheme or PEAS, it is backed four key members of the property sector including evictions expert Paul Shamplina and Sean Hooker, Head of Redress at the PRS.
It has also signed up four of the UK’s leading property educators as its first and founding members.
These are John Howard; Mark Lloyd of Property Master Academy; Ranjan Bhattacharya of Succeed in Property and property consultant David Temple.
It also has the backing of Kirsty Roberts of Asset Academy, whose husband and Homes Under The Hammer TV presenter Martin Roberts is involved in the business.
Other backing the initiative include landlord expert Julie Ford, David Sandeman of the Essential Information Group and David Smith of JMW Solicitors.
PEAS is operated by the Property Investors Bureau headed up by Cyril Thomas (pictured), who says it will not be a regulator or in the game of ‘naming and shaming’ but rather an association of like-minded educators and industry figures who share the same high standards of business ethics.
Members of the PEAS scheme will have to clear some stiff hurdles to be able to use its logo, including a six-month probationary period.
“Anyone looking for property education that sees the PEAS badge on training/marketing materials, can feel confident that the educator has been through a thorough and varied accreditation process and that they have a transparent money back guarantee amongst other things,” says Thomas.
The idea is behind PEAS is to promote a more transparent and ethical property investment education sector.
“In my view the property education industry has been calling out for an organisation that distinguishes between the genuine decent honest property educators and others who will not be accepted into PEAS,” says John Howard.
Mark Lloyds adds: “Our industry has been under scrutiny for a number of years and we believe this will help improve standards and transparency for those looking to invest in their property education.”
Tim Frome (pictured) of the PRS adds: “We at the Property Redress Scheme are pleased to support PEAS as we share the same objective of increasing standards in the property industry and providing consumers with suitable redress if they have an issue with a provider of a service”.
Visit the PIB website.