Many people over here, offer cheap hosting. Which they learn by their personal experiences,learning from online schools and they try to keep their prices cheap and reliable hosting. They have only a little profits but they work a lot for that. You cant expect certified hosting at cheap prices as here. We cant punish everyone for one's mistake.

Coming to users, they make most of the money from filehosts. So they look for cheap and reliable providers.They dont look if company is registered or not. They just look if its providing best services or not.

I say Reviews are very good idea and buying hosting from a long and active member of KWWH could be trustful.

Verification would be good but dont make it as Mandatory