Understanding the molecular basis of common traits is a primary challenge of modern genetics. One model holds that rare mutations in many genetic backgrounds may often phenocopy one another, together explaining the prevalence of the resulting trait in the population. For the vast majority of phenotypes, the role of rare variants and the evolutionary forces that underlie them are unknown. In this work, we use a population of Saccharomyces paradoxus yeast as a model system for the study of common trait variation. We observed an unusual, flocculation and invasive-growth phenotype in one-third of S. paradoxus strains, which were otherwise unrelated. In crosses with each strain in turn, these morphologies segregated as a recessive Mendelian phenotype, mapping either to IRA1 or to IRA2, yeast homologs of the hypermutable human neurofibromatosis gene NF1. The causal IRA1 and IRA2 haplotypes were of distinct evolutionary origin and, in addition to their morphological effects, associated with hundreds of stressresistance and growth traits, both beneficial and disadvantageous, across S. paradoxus. Single-gene molecular genetic analyses confirmed variant IRA1 and IRA2 haplotypes as causal for these growth characteristics, many of which were independent of morphology. Our data make clear that common growth and morphology traits in yeast result from a suite of variants in master regulators, which function as a mutation-driven switch between phenotypic states.A primary goal of modern genetics is to understand the molecular basis of traits that segregate at high frequency in populations. Toward this end, hundreds of studies have sought to map causal genes, using tests for allele sharing among affected but unrelated individuals. Against a backdrop of recent successes in fruit fly and plant populations (Atwell et al. 2010;Brachi et al. 2010;Chan et al. 2011;Filiault and Maloof 2012;Mackay et al. 2012;Magwire et al. 2012;Weber et al. 2012;Dunn et al. 2013), association mapping in many systems has yielded loci that explain only a small part of the variation in a given trait across individuals (McCarthy et al. 2008). The latter challenges have motivated the proposal that the bulk of common phenotypic variation may be attributable to rare, highly penetrant mutations (Dickson et al. 2010;McClellan and King 2010; Veltman and Brunner 2012), including recurrent variation at hypermutable loci (Shen et al. 1996;Chan et al. 2010;Michaelson et al. 2012). As yet, the genetic architecture of most common traits remains unknown, and experimental systems in which to investigate the principles of common trait variation have been at a premium in the literature.Saccharomyces yeasts have long been a workhorse of the molecular-genetic research community, with resources now becoming available for analyses of population-level variation (Liti et al. 2009). Among the most well-studied phenotypes in the classic yeast literature are cell-clumping and filamentation-like behaviors in certain laboratory strains, which serve as models for fungal pa...