Yes, the word 'seats' is both a noun and a verb.
The noun 'seats' is the plural form for the singular 'seat'; a word for a place to sit; a word for a thing.
Example: Our seats were in the fourth row.
The verb 'seats' is the third person, singular present for 'seat'; to escort or show someone where to sit.
Example: He seats everyone in the order of their arrival.
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