Yes, QUALIFICATION is a Scrabble word!

Letter values in Scrabble US: Q 10, U 1, A 1, L 1, I 1, F 4, I 1, C 3, A 1, T 1, I 1, O 1, N 1.

Is it a valid word?

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

an attribute that must be met or complied with and that fits a person for something
the act of modifying or changing the strength of some idea
a statement that limits or restricts some claim