Yes, reif is in the scrabble dictionary

...and is worth 7 points by itself.

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Reif Definition

noun

Robbery; spoil.

from the GNU version of the Collaborative International Dictionary of English

See reef.

from The Century Dictionary and Cyclopedia

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Top Words by points	Points
fire	7

2 letter words with REIF	Points
ef	5
er	2
fe	5
if	5
re	2

3 letter words with REIF	Points
fer	6
fie	6
fir	6
ire	3
ref	6
rei	3
rif	6

4 letter words with REIF	Points
fire	7
reif	7
rife	7

Found 15 words in 0.10791 seconds