Question 1
How is the symbol '±' read? "Plus AND Minus" or Plus OR Minus"? All this time I've been reading it as Plus-Minus. My math teacher says that it's the former; but then in $$x^2 = 9 \implies x= ± 3, $$ how does $x$ equal two values? $x$ should equal $+3$ OR $-3,$ right?
Question 2
My teacher says that $$|x| ≠ ± x\tag A$$ but that $$|x| = 5 \implies x = ±5.\tag B$$ Wait... what? What is going on here?
He also says that $$\sqrt{x^2}= |x|.$$ But this means that $$|3|=\sqrt{9} =3,$$ which, by $(\text B),$ implies that $$ |3| = ± 3;$$ doesn't this contradict $(\text A) ?$
1) Think of $x^2=9$ as having two possible solutions: $x=3$ or $x=-3$. You could also say that $x=3$ and $x=-3$ are valid solutions. This is more a matter of wording I think.
2) When the value of $x$ is known, we can either have $|x|=x$ or $|x|=-x$ but not both. Consider $x=-2$. Then $|-2| = 2 = -(-2)$. So here, we do have $|x|=-x$. But $|-2|=2 \neq -2$, i.e. $|x| \neq x$. For $x=2$ we have the cases switched around.
3) With regards to your edit, see this and this.