Yes, erase is in the scrabble dictionary

...and is worth 5 points by itself.

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Erase Definition

verb-transitive

To remove (recorded material) from a magnetic tape or other storage medium: erased a file from the diskette.
from The American Heritage Dictionary of the English Language, 4th Edition
To remove (something written, for example) by rubbing, wiping, or scraping.
from The American Heritage Dictionary of the English Language, 4th Edition
To remove all traces of.
from The American Heritage Dictionary of the English Language, 4th Edition
To remove or destroy as if by wiping out: had to erase all thoughts of failure from his mind.
from The American Heritage Dictionary of the English Language, 4th Edition
To remove recorded material from (a magnetic tape or disk, for example): erased the videocassette.
from The American Heritage Dictionary of the English Language, 4th Edition

verb

To yield to .
from Free Scrabble Dictionary
To nullify the effect or force of.
from Free Scrabble Dictionary
To remove from existence or memory as if by .
from Free Scrabble Dictionary
To delete from a computer storage device .
from Free Scrabble Dictionary
To remove recorded matter from .
from Free Scrabble Dictionary

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Wildcard(?) letters appear in RED

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Top Words by points

Points

saree

5

2 letter words with ERASE

Points

ar

2

re

2

ae

2

es

2

er

2

as

2

3 letter words with ERASE

Points

ars

3

sae

3

sea

3

res

3

ree

3

ras

3

see

3

ser

3

ers

3

ere

3

era

3

ear

3

are

3

4 letter words with ERASE

Points

sear

4

seer

4

ares

4

sera

4

rees

4

rase

4

sere

4

eras

4

ease

4

ears

4

5 letter words with ERASE

Points

saree

5

erase

5

easer

5

Found 32 words in 0.13681 seconds