This note raises caution that a finding of a marked pseudo-guessing parameter for an item within a three-parameter item response model could be spurious in a population with substantial unobserved heterogeneity. A numerical example is presented wherein each of two classes the two-parameter logistic model is used to generate the data on a multi-item measuring instrument, while the three-parameter logistic model is found to be associated with a considerable pseudo-guessing parameter estimate on an item. The implications of the reported results for empirical educational research are subsequently discussed.