Yes, rede is in the scrabble dictionary

...and is worth 5 points by itself.

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Rede Definition

noun

Advice or counsel.
from The American Heritage Dictionary of the English Language, 4th Edition
Archaic A narration.
from The American Heritage Dictionary of the English Language, 4th Edition

verb-transitive

To give advice to; counsel.
from The American Heritage Dictionary of the English Language, 4th Edition
To interpret; explain.
from The American Heritage Dictionary of the English Language, 4th Edition

verb

To give counsel to .
from Free Scrabble Dictionary

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Wildcard(?) letters appear in RED

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Top Words by points

Points

deer

5

2 letter words with REDE

Points

de

3

ed

3

er

2

re

2

3 letter words with REDE

Points

dee

4

ere

3

red

4

ree

3

4 letter words with REDE

Points

deer

5

dere

5

dree

5

rede

5

reed

5

Found 13 words in 0.10776 seconds