Yes, brags is a Scrabble word!
...and is worth 8 points in Scrabble, and 10 points in Words with Friends
brags
Verb
1. Show off
Noun
1. An instance of boastful talk
What Scrabble words can I make with the letters in brags?
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2 Anagrams of Brags
Words that can be created with an extra letter added to brags:
E:barges