Francis C. Peters, 74, a real estate broker and artist, died Friday at Carriage Hill Nursing Home in Bethesda following a short illness.

Mr. Peters' paintings were exhibited in the Washington area and in New York and New Jersey. He is listed in "Who's Who in American Art" and won several awards, including the New Jersey State Award at the Washington Art Club in 1975 and the Bachrach "Best in Show" Award in 1967,

Mr. Peters served as president of the American Art League of Washington from 1955 to 1971. He was a member of the Washington Landscape Club and of the Citizens Commission for the Preservation of Historic Buildings.

A native of Buffalo, N.Y., Mr. Peters attended the Albright School of Art there and the Art Student's League in New York City.

He was active in real estate for 30 years, and helped found the firm Duncan Associates in 1970 and Peters & Co. in 1950.

Mr. Peters came to Washington in 1941 to become director of the Industry Advisory Committees of the War Production Board. He also helped to establish the War Assets Administration.

Surviving are his wife, Bertha, of the home in Bethesda; a daughter, Carol Ann Duncan, of Potomac; a son, Rex Peters, of Gaithersburg; and nine grandchildren.