Well there was a post a while back on the Blizzard forums. A couple of guilds were trading honor kills in... I believe WSG. Each letting the other side farm them a bunch of kills and then reverse rolls. A GM gave them both suspensions, and removed their honor.
I'm not sure if #1 would get you banned, but its against the spirit of the game. If caught (which might be unlikely), you'd likely lose anything gained from the process.
Not recommended regardless.
#2 and #3 are perfectly fine.
While leveling up, anyone who repeatedly ganks you, should be added to a friends list on their faction.
That way, when you're level 80 x4 or x5, you can have a bit of payback fun, and at least know what zone the person is in, whenever you feel the need to pay them back.
Most people who kill you once, who cares - that's the game. But you do have 50 friends at a time, on the friend list.
So anyone who goes out of the way to be idiots.. well, you can have fun with them to the same degree down the road.
Trading across factions is fine as well.
The easiest way to to put something up for a massive amount.
Have the other faction toon buy it. You lose a chunk to the AH fee's, but its simple.
A better method is to have a toon in each neutral AH. So you know no one else is around to snipe your items.
Then list valuable items - enchanting mats are good for no listing fee - at dirt bottom prices.
You pay a percentage of the sale price, which is very low.
And you get a valuable commodity for next to nothing, which can be sold for gold on the faction of choice.
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