Method effects often occur when constructs are measured by different methods. In traditional multitrait-multimethod (MTMM) models method effects are regarded as residuals, which implies a mean method effect of zero and no correlation between trait and method effects. Furthermore, in some recent MTMM models, traits are modeled to be specific to a certain method. However, often we are not interested in a method-specific trait but in a trait that is common to all methods. Here we present the Method Effect model with common trait factors, which allows modeling "common" trait factors and method factors that represent method "effects" rather than residuals. The common trait factors are defined as the mean of the true-score variables of all variables measuring the same trait and the method factors are defined as differences between true-score variables and means of true-score variables. Because the model allows estimating mean method effects, correlations between method factors, and correlations between trait and method factors, new research questions may be investigated. The application of the model is demonstrated by 2 examples studying the effect of negative, as compared with positive, item wording for the measurement of mood states.