Yes, faro is in the scrabble dictionary

...and is worth 7 points by itself.

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Faro Definition

noun

A gambling game in which players bet on cards drawn from a dealing box.

from Free Scrabble Dictionary

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Here are some other words you could make with the letters FARO, you can also
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Top Words by points	Points
afro	7

2 letter words with FARO	Points
ar	2
fa	5
of	5
or	2

3 letter words with FARO	Points
arf	6
aro	3
far	6
for	6
fro	6
oaf	6
oar	3
ora	3

4 letter words with FARO	Points
afro	7
faro	7
fora	7

Found 15 words in 0.13758 seconds