Yes, respects is a Scrabble word!

Verb

1. Regard highly; think much of

2. Show respect towards

Noun

1. (often used with `pay') a formal expression of esteem

2. (usually preceded by `in') a detail or point

3. The condition of being honored (esteemed or respected or well regarded)

4. An attitude of admiration or esteem

5. A courteous expression (by word or deed) of esteem or regard

6. Behavior intended to please your parents

7. A feeling of friendship and esteem

8. Courteous regard for people's feelings