This is the 462nd most frequent Italian word.
avete
"Avete" means "you have" (second person plural) in English.
In this sentence, 'avete' is the second-person plural present indicative form of the verb 'avere', used here as an auxiliary verb to form the present perfect tense.
Avete scelto un bel posto per la festa.
You have chosen a nice place for the party.
Here, 'avete' is used as the main verb meaning 'to have', indicating possession.
Avete tutto il necessario per il viaggio?
Do you have everything needed for the trip?
In this case, 'avete' functions as an auxiliary verb in the formation of the past tense.