  A radio source that faded over six days, with a redshift of $z\approx0.5$
host, has been identified by Keane et al. (2016) as the transient afterglow to
a fast radio burst (FRB 150418). We report follow-up radio and optical
observations of the afterglow candidate and find a source that is consistent
with an active galactic nucleus. If the afterglow candidate is nonetheless a
prototypical FRB afterglow, existing slow-transient surveys limit the fraction
of FRBs that produce afterglows to 0.25 for afterglows with fractional
variation, $m=2|S_1-S_2|/(S_1+S_2)\geq0.7$, and 0.07 for $m\geq1$, at 95%
confidence. In anticipation of a barrage of bursts expected from future FRB
surveys, we provide a simple framework for statistical association of FRBs with
afterglows. Our framework properly accounts for statistical uncertainties, and
ensures consistency with limits set by slow-transient surveys.
