Yes, DISLOCATION is a Scrabble word!

Letter values in Scrabble US: D 2, I 1, S 1, L 1, O 1, C 3, A 1, T 1, I 1, O 1, N 1.

Is it a valid word?

DISLOCATION is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

an event that results in a displacement or discontinuity
the act of disrupting an established order so it fails to continue
a displacement of a part (especially a bone) from its normal position (as in the shoulder or the vertebral column)